If you owned a property with a broken stairwell where someone trips and falls, got incapacitated for life, why would their damages be restricted to $170K.

@Marty Rogachefsky, if you repaired the old refrigerator that would be a maintenance/repair aka an operating expense but by replacing something that had reached its useful life its a capital expense and is depreciated.

We should not be trying to piece something together after the fact, but rather:  Ethics should be front and center in everyone's mind and training in everyday life. 

I went to the U of L and have numerous properties in Southern AB. 

My thoughts are that it would help create more exposure in REI, give me real-world experience, appease the VA when approving my multi-family property and also help me make the plunge out of my W2 (which, admittedly, is slowly sucking the life out of me). 

The landlord may be planning on making it their 2nd home or any of numerous possibilities that the government removes with any law that changes that.  

Happy to share if you're interested.Accounting systems are great: QB, Stessa, Digb but the reality is you want to track a few things at a high level, this will make your life a lot easier when you sell/need to report income/loss, and accounting systems won't always make this easy. 

More financing or 18%+ APR if for some reason life happens and you overspent for the month.  

Is it a real value add or will it add more stress and complication to the manager's already busy life?  

One thing to note is that property taxes are much higher, and the city enforces rental inspections more than any other market I am aware of.Having owned 100 unit rental portfolio's previously in numerous states, I think that DSM, and suburbs have incredible upside, but the key is management.