One is the $10,000 repair expenses.

I also paid interest on the loans.Is the utilities for the house that is completed and rented a expense deduction for the year or does it go into the basis?

The partnership is now paying interest expense on a $1.5m loan. 

Grow wide first, then deep (pay off)- your little expenses add up fast

Taxes, insurance, cap-ex and misc expenses should be on target for most properties in the $400k to $450k price range.

Rent, Expenses, NOI, Cash Flow, COCR, Cap Rate, Market cap rate. 

So, when it comes to writing off expenses, here’s the scoop: you generally can’t deduct travel expenses if you’re just looking for a new property to invest in.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

Expenses for initial repairs before renting are usually capitalized and depreciated.

I know of other softwares, like Baselane that handle income and expenses all in one place.