that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Given its age, we’re planning for a roof replacement and two new AC units within the next few years, which we estimate will cost around 15 - 20k in total.Our single family rental, built in 2020, is newer, so we don't expect major repairs anytime soon.On average, the duplex runs about $400–500 per month in maintenance and repairs (including significant repairs like AC replacements), whereas the SFR averages under $100 per month.

Hi David - You can deduct all expenses (including depreciation) related to your rental property.

Have a ton of experience in the rental market, and ground up development including industrial and retail.  

Hey all,I’m assuming someone can answer this pretty quickly but is PassivePockets not included with BP Pro?  

Just trying to understand what sellers expectations are.Thank you for any pointers including things I may be missing.I gathered from your insightful questions that you’re an experienced commercial property investor.  

In your property folder I'd include a "Closing Folder" with your closing statement and original home inspection (all your major mechanical pictures and ages are there).

My business partners and I are looking to branch out the investing business to include short term rental management via co hosting.

Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant. 

Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.