You should be tracking every expense.

Quote from @Brad Tooley: Hello, I' m looking to start a career in real estate investing and want to find a job that will teach me a lot about the industry while also paying well so I can start saving for down payments and all the expenses that come with my investments.

That’s pretty low interest. 

They would be expenses for the business vs. personal expenses which would be tax deductions. 

I've paid for a handful of programs over the years from cheap to expensive and narrow-focused to broad-based. 

This phantom expense (not an actual $ outflow) reduces and shelters real estate income.

One more reason why people should stop looking for the easy path to building wealth.Increase earnings, reduce expenses, save, and invest.

Your thesis is basically rent low and accept less desirable tenants so I don't think that is the best thesis to base an investment off.

Lenders will typically add back depreciation, one-off large expenses, etc. 

My expenses on that deal was $745 per month and tenant buyer paid for all of the utilies, upkeep of the property etc...