Quote from @Bill B.: @Daryn Dockter it’s not worthless if you plan to buy another property at sale.

Separately, I use apartments.com to collect rent, security deposits, bills, etc - also free for you as the landlord and the tenant.Third - to write off items for taxes, I'd check with your CPA but in general, it would be anything you spend money on with that property, including mileage going there.Best of luck!

Quote from @Bill B.: They should be paid off with the property’s insurance money.

As in increased electricity bill anyone? 

I checked on current legislation (thank you @Russell Brazil for heads up on MD 2023 Bill and MD 2024 Law), watched videos such as How to Wholesale RE Step by Step (see https://www.youtube.com/watch?

I sold my largest MF on contracts, otherwise my tax bill would have been enormous. 

Quote from @Bill B.: @Jay Hinrichs Hey Jay.

I really need to rent it out quickly to pay my bills and to call it an investment.  

Remember: Insurance companies want you to pay the bill and when it comes to their turn, will do everything they can to NOT pay.I would get clear on that piece before proceeding further.

Disclosures: this post is an anecdote about a Raleigh NC property for illustration purposes; the numbers presented are actual numbers from my Quickbooks report; the Rent-O-Meter price, T-Bill rates (in the links), taxes, insurance, and PM fees will change over time.