So when you borrow money for income producing real estate it is not the same debt you have for personal items you buy that cost you money, and depreciate over time.  

I have done a search here about water softeners and from what I have seen the majority here say that it is not recommended since you have to rely on the tenants to fill it with salt monthly and it is an added item that can break.The water heater is about 8 years old now.  

Does anyone have any hard data on what annual capital expenses should be in the Midwest such as Indianapolis, Kansas City, Ohio, Alabama, Oklahoma, Nashville, Chicago, Memphis and the like? Before anyone points me to ...

The E is very simple filing and less complicate items to answer.

Along with an itemized list of what we will charge at move out that the tenant has to sign along with their lease (if you would like a copy just let me know). 

During this final scope there will be additional items that pop up.

Most of that, including the major items such as HVAC and roofs on several units, will be addressable in the first 6-12 months.The tenants are another valid concern.  

@Kathryn M, this is one of the items I wanted to get additional information. 

What are some essential items that a home warranty should cover?

They lodge a complaint about any little thing & are rewarded with a monetary item, typically a comped meal or gift card.