In the spirit of sharing back with this community, I'm sharing the contents of a summary document I've created for each of my rental properties that gathers in one place, on 1-2 pages, all the crucial details to know to manage each property and keep them functioning.

Knock it out, clean it up, and eat the cost.In the future, you should always ensure the home is properly cleaned, fully functional, safe, and free of pests.

So far, Des Moines has been functional to work with in terms of getting through the work.  

The amount would be a function of the size of properties you are acquiring.

I went to verify an applicant's employment today and the employer had outsourced this function to a company called "Work Number".

Think of it as dividend yield, it’s the amount of free cash it generates as a function of amount invested.

If you plan on catering to the female athletes - rebuild your closets to make them more functional, enlarge them if you can, deck out the bathrooms and kitchens and you'll have no problem filling them.  

Although it's not a cheap project, it does give me additional options.Around here 2/1s - either apartments or SFHs are becoming functionally obsolete."

So the counterparty risk is that just one investor doesn't agree to the overall plan and then the project can't function.  

Everything needs to be functional and pleasant but it doesn't need to shine.