By general expenses, I'm referring to equipment purchases and mileage when we drive by all properties periodically. 

Your abilities hinge on a foundation of knowledge and I mean real estate knowledge and finance knowledge, not guru tricks.Newbies keep wanting to go elephant hunting with a slingshot or BB gun, by that I mean they get their hunting equipment from gurus and investor forums full of off the wall stuff.

This is the perfect place to equip yourself to jump in with two feet! 

You can depreciate most types of tangible property (except land), such as buildings, machinery, vehicles, furniture, and equipment.

There are places you can rent the equipment and stuff like that but for such a small area it shouldn't cost that much to just hire a professional.

Do not consider any investment " opportunity" you encounter where you don't feel comfortable in being the owner, or that has challenges present you don't feel equipped to address!

EQUIPMENT: Tenant/Buyer agrees to provide and be responsible for his own tools required to perform the services herein.5.

I worked for a small firm in Constriction Engineering Products, Johnson Controls, that sold air and water control equipment to large apartment and commercial building contractors.

I've also got a 6x10 trailer full of equipment and tools that can do just about anything I need them to.

Thing like the hot water heater are common equipment and therefore any replacement expenses come from HOA.