The climate is also a factor—extreme heat can impact maintenance costs and tenant preferences.Fayetteville, on the other hand, offers a lower cost of entry and a steady rental market due to Fort Liberty (formerly Fort Bragg), one of the largest military bases in the country.

Instead of just writing "property maintenance," note activities like "installed new light fixtures" or "deep cleaned kitchen for guest turnover."

Additionally, when underwriting deals, you need to account for the general idea that repairs and maintenance will be a larger percentage of your rent, the lower your rental is.  

We are hoping to streamline tenant communications, maintenance requests, and payment records. 

So no leasing agent, no maintenance. 

Other than a few regular maintenance and wear & tear, we have had minimal expenses.

., structural updates) can be added to your basis, while maintenance costs are deductible in the year paid.Since bonus depreciation is now at 40% for 2025 and 20% for 2026 under the current law, future real estate investments will have fewer upfront depreciation benefits.

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

So, rent minus ALL expenses that the PM paid - commission, lawn, water, maintenance, etc.

Well if you ran realistic conservative numbers for maintenance, capex, vacancy rates, rental income, etc then you don't really need cash flow do you?