Basically almost all the items you mentioned when traveling can be written off to a certain extent.

So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.

When an owner replaces or retires certain items (e.g., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.

All 3 of those big ticket items that you're looking for can be found in the Memphis , TN market.

Your renters will destroy these items and want you to replace them. 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

It’s ran like a business, not a personal investment.Given the heavy workload I have being the CEO/founder of the wealth management company, my wife has set up a well oiled machine on the property management side, due to her perfectionist drive however, it still means that she's constantly dealing with tenants and toilets and replying to items at all hours of the day and night.

The good news is that this is the perfect hidden health and safety inspection item with which to negotiate a price reduction.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Garbage disposals are my most often replaced items.