As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

Pretty much you buy a property, then quickly sell it to another buyer without making any significant improvements or repairs.

Repairing well $16000.

I recently obtained a couple of quotes for foundation repair on one of my rental properties.

So the property I bought had previous termite damage and we are having it repaired and treated however.

I also know that they "didn't know about the sale ahead of time", so I have to imagine that played a role in the lien. 

Not to mention, they also snipped all of the wiring in the basement of the home running all over the house, so there is also major electrical repairs needed. 

Research high-rental areas, plan for repairs, and consider simple upgrades.

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

You also have PM, repairs, vacancy, and capex on rental property.