(I love the M2M non renew option, hate term leases).Managing your business properly requires setting base line standards that are not moveable, training tenant to what the landlord expects and getting rid of/finding good tenants that will make the management of your business very low demand on time and resources. 

I personally would wait until I get a better idea of what they mean, and then if warranted call out a electrician to inspect. and make sure he leaves a note signed the service is properly working. 

This should also ensure that the door swings properly etc.

Oh as horror stories goes, I had a deal in RS that was getting into trouble (a sponsor wasn't able to start repayments as scheduled this was due to getting the proper permits to start construction).

That said, flip more with profits and pay that loss back quick and mitiflgate the risk by selecting solid deals.For long term holds, I do not think the HELICOPTER is the proper lending tool, go with conventional NOO loans.

Why would I run into issues if I have a contractor properly pipe/vent/install the appliances during the unit renovations?  

Rich Dad, Poor Dad by Robert Kiyosaki  (This will change your mind set, and put you on the Proper Path)Richest Man in Babylon:  by George Samuel Clason (This Will Teach you How to Handle your Money, and how to Get the Money you Need to Invest)Straight Path to Real Estate: by Kris Krohn.

I turned him down, not because I refuse to mentor folks, but because I'm already engaged in doing so and I don't have time allotted outside of that to properly take on someone else.So making clear the time that you want to devote to learning, type of communication expected would help someone formulate how to fit it into their schedule.

If it isn't under rent control, then you can raise rents with the proper notice.

In the past I was not properly including depreciation.