This money is still owed by the tenants and at times we were able to collect some of the money for the damages.Regarding installing a sprinkler system, it's only helpful if the tenants don't turn it off.

Expense ratio, as others have stated, often ends up evening out these fluctuations in each expense and can often times be a more accurate predictor over many data points.

It’s always a great time to buy.  

The time of DIY partnership returns has passed. 

I owned for 37 years, raised the rent many times, and later sold for 6X what I paid. 

Thanks ahead of time! 

When you do a little extra work ahead of time, the process goes so much more smoothly.

As much as I can I try to keep my clients out of serious foundation repair as it is typically not a one time repair, but an ongoing issue over time. 

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

However, if it is an STR, the depreciable life would be 39 years.