It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

How can I correct cashflow issues if I have 3 properties?

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

Is it a common issue for beginners to get a PM on board with only 1 property to manage to start?

I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build.

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

My manger does this all the time.He has an inspection done to verify all the maintenance issue and has someone video the property to verify all the marketing issues.

Otherwise you will quickly run into scaling issues.  

Are you aware of some actual legal authority that validates the IRS opinion on this issue?