When doing your analysis you must first deduct your 10% return not only from your cash investment but from all equity in your property. 

When you can deduct all operating expenses, mortgage interest, and depreciate the buildings, etc., you're talking about an additional, what, 9% return? 

Your not going to have much luck forcing tenant to have internet..The cost of the service is a expense you can deduct from your taxes.. it outweighs the cost of water and if there a way possible to add the connection to the apartment it's a bonus for your tenant,, and cost could be rolled over into rent.. 

After deducting all expenses, including the time you spend managing / cleaning / repairing / etc., are you making more money than you would as a long-term rental?

Now, he reported the dishwasher is dead, and that still has the gas smell in the bathroom (from the missing P-trap), so he was going to make arrangements to solve the problem soon and deduct it off his rent. 

The student loan interest can be a deduction too for some folks depending on their yearly adjusted gross income.I also use notes to pay for all types of things.

Would I be able to deduct interest on all these loans (without any limits)?

I have a quick question on tax deductions. 

I wasn't going to make an insurance claim, because I don't think the other damage will go over the deductible, but I changed my mind on that, so we will see what insurance has to say about the whole thing.  

Cam the 650 is what I owe on the new mortgage and is deducted from the 900 I was earning.