I love running, eating and playing the piano.

You might find that this ends up eating all the cash flow too. 

They really eat into your returns.  

@Yolanda Eiland Property owners that filled for eviction are in point of time that they're eating **** with their property for a few months now. some of them wants to sell.UP! 

I believe Expense because i was repairing the unit with the exact same thing it had when it broke.I am using Quicken to keep up with all the records and am trying to track these as tax items. 1) how do i track these "Schedule E/C" 2) when i have to drive, eat, and other stuff how is that tracked?

I think it looks okay I would definitely ask for the seller to eat the closing costs at least. 

Do you eat that cost or is it added to their rent payment?

The setup and maintenance costs will be prohibitive and eat up any potential differential in returns that you may be able to generate in real estate as opposed to other IRA investments.

As for the tenants, not having AC doesn't mean you have to eat out.

If it were me I would hold more value on your forplex then the renovation and get a house that fits your needs that may need updating over time which will get you a little sweat equity but not eat up all your time.