Green Street is the gold-standard for independent research within the commercial real estate industry.

They do have a sump pump installed yet there was enough water damage to ruin the carpet the first time, and the brand new carpet is now under water.

As far as expenses, I just use a simple Excel spreadsheet and an old school notebook to write down info about each house (if it's on well or septic, city water, which electric company, school districts, etc.).

You have 4 sets of appliances, water heaters, etc.

If a water pipe breaks and the place floods, you would have to move out while renovations take place.

It was also much more expensive than I had originally been quoted.Then I purchased blinds for the property and went down there and installed those.Then we saw that there was water damage on the window sill.

Just make sure you have standard protections in the contract. 

This method of course does have higher rates than standard loans.

The problem is we have approximately 2 weeks of travel coming up for July, and we need time between their tenancy and the next to do some updates (paint, new flooring, new water heater), and I don't want the house to sit vacant while I'm out of town.  

My real estate agent has not heard of this and I’m baffled as to how they can legally add an expense that I do not have.Is this standard practice?