I also keep the total amount of all my insurance deductibles for each property in reserves in case emergency comes up.

What year can i claim the tax deductions?

But if I use a contractor, and have a bill etc from them, that can all be deducted from profit, correct? 

@Jason Hodges Before spending a dollar I would take the appraisals you already have and basically perform your own new version using the same exact deductions the appraiser used. 

The new tax law created a so-called 20% deduction on "qualified business income."

Getting a crappy health insurance plan, or underpaying your income taxes, to increase your "net" income on each pay-check isn't actually a pay raise, since when you get sick now your deductible just tripled, and your April income tax bill went up as well!

Evalute the home and deduct any damages.

You separate the holding company for a number of reasons: rental income is taxed at a some of the lowest rates, and the risk of loss is different in character than that of running operations, its tax filing looks different (as a business) than a business that runs operations (deducting capital improvements, etc.), among others. 

My partner and I are looking at one in Houston with the expenses and deductions totaling ~45% of the gross potential rent of the property:That includes 10% for vacancy allowance15% for planned and unplanned maintenance (lawn, CAM, repair allowance)7% for property management12% for Taxes and InsurancePosted deals often excluded expenses, so I want to ask the BP community for wisdom.Questions: To the experienced eye out there, how does those expense %’s look?

It is also tax deductible.