We aim for 100% occupancy, which is possible in theory if you exclude properties that go through a scheduled rehab.

You can also not deduct "sweat equity" on your Schedule E. 

Is it an NOL on Schedule 1 other income for my 1040?

@Katlynn TeaguePrior to any GC contract you should have a detailed scope of work, a line item schedule of valuesOut of curiosity were these contractors licensed?

One question I now have is the following: do states typically allow you a Schedule to deduct expenses like maintenance and repair, or is that just a federal thing? 

Am I wrong to think that I need a mortgage calculator due to amortization schedules?

If anyone else wants to have a say on the schedule, please reply by tomorrow.

I'll echo @Alyson Gordon's that the bonus depreciable items (less than 20 years depreciation schedule) will most likely be 15 to 20% of the 80K. 

I'm a trust but verify guy so 3 times a year we have picture inspection reports done so I know the condition of the unit, cost $75, Will share information if requested.Best,Mike Money well spent.In think we do a yearly walkthrough that is included with our PM operation but would like to have multiple walkthrough's scheduled every year which we will probably have to charge for due to needed time and resources.But it's a great way to get eyes on the property and provide peace of mind for landlords.Thanks for the mention.

Just like any project, it will be behind the initial set schedule but it will get done according to Betsy Goldstein that does the Intel on Intel presentation