I had a back surgery at 34 years old, and ultimately I want to be passively investing, my sweat equity was the only capital i had to get started, so I utilized it well.I also became a licensed and insured general contractor in the state of Indiana and the income from contracting was used to further invest.

Closing costs, commissions, property taxes, utilities, interest, and many more costs are always a factor.

We utilize email campaigns and the response declines every year.  

The units are fully furnished, including bedding and all utilities included. 

I'm new to the investing world and am looking to utilize some home equity to make a purchase by end of year.

Can I deduct any expenses incurred throughout the entire year 2023 for that property such as utilities, insurance, repairs, mileage, maintenance and improvements?

If you still are unsure, have them send you a copy of their most recent (FPL) utility bill.

A couple ideas below:- Have tenants pay utilities if they don't already- Refinance into lower rate- Increase rents (or convert to mid term/short term rental or rent by the room)- Call the county tax assessor's office to ensure there was no mistake in the tax increase- Call your insurance broker to get you other quotes- Sell the property and 1031 into a better market that does not have those issues- Self manage if you currently have a property managerHope these help!

Plus covered garage parking and all utilities included. 

I looked into DSCR and spoke to a few lenders, but it seems I need to have 2 years of rental property ownership before I can utilize; I'm only approaching my 1st year of renting by the room, so I assume I'd need to wait another year before I can look into DSCR.