Meanwhile most who obsess over entity formation fail to carry proper insurance, work with unlicensed and uninsured contractors, fail to execute contracts, can't explain the difference between being listed as additional insured and certificate holder or request to be listed as additional insured on vendors insurance policies etc.

1.Yes, you can take advantage of bonus depreciation if you structure it properly, even with a partner, through a simple LLC or partnership agreement.

For sewer, our "grey water" (any water that goes down a sink or shower drain) is ran through a field line underground that we installed to distribute water underneath the year.

Someone with a home in the mountains mentioned that we MUST install a furnace and cannot rely on the wood stove alone.

Build a team of professionals, network with investors, and mitigate risk by screening tenants, having proper insurance, and having reserves.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you are still confused that means they did not do a proper job in disclosing all the terms on the loan.

Each year at renewal we ask them what we can do to make their place better, maybe painting a room, installing a new fan,  .. anything up to $200,  so they tell us what they want, and it's fully tax deductible.  

This ensures proper cleaning/sanitation and that the unit is move-in ready. 

A small chip in the bathtub and that’s a fail, window doesn’t open good enough that’s a fail, bedroom door lock doesn’t lock properly that’s a fail.