For a $20K home, what happens to returns if major capital items are needed after year 2?

Strong job and population growth, plus VSU and the military base are steady growing.

And are there any expenses that go on my itemized deductions?

Renter may break contract early with $5,000 penalty and 30 days noticeAdditional context: Hawaii is a hard market for locals and first time homeowners to enter.Aloha Daisge, Given the current market conditions in Kapolei/Honolulu, IMHO, I don't think that those terms are attractive and will not be much of an incentive for locals or even Military PCSing into Oahu. 

Because of this, I felt it necessary to post our first blog article pointing out key items you need to know before you purchase an investment property in the area.

Other small items:    Our drywall was already cracking in 15 + places, but we thought we could get it done a week or so after the foundation lift.   

The exact definition varies from person to person, but I mainly consider them <$40k reno and hitting those items.

That's one heck of a drive and I'm currently in the military with two little kids.

@Matthew Wright know your landlord tenant laws as many states have or are enacting limits on application fees, some require itemizing and returning any unused portions if over a certain amount.

So do the minor items you mentioned, whats the issue?