When managing a rental property, here are some common maintenance expenses to be aware of.

Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100 

UTILITIES: Water and sewer service and curbside trash removal are provided to you.

No way, unless you're talking about a multi-family common area.

Another common challenge is the tenant quality.

Remain responsible for rent, utilities, and other terms until a replacement tenant takes over.#2 can be a bad option in the middle of winter when renters are harder to find.

You find the house completely trashed with missing appliances and cabinets, tenants were cooking meth, windows broken, etc. 6-8 months of unpaid rent, unpaid utilities, thousands to empty the abandoned property and trash, $50,000 to completely renovate the property and make it rentable again, plus all the time, energy, and stress along the way.I would actually argue this is pretty common and not even the worst-case scenario. 

@Justin Woods In order to utilize a cost segregation study, the property must be an investment property and placed in service.

Just because the cost of the utility is included, doesn't mean you can control if it works or doesn't work.

The detectors simply need a common wire such that one goes of, all go off.