Keep in mind, if the facility is large (40,000 sqft. or more), it's common to see a PM fee and payroll expense in the Income Statement.

Internet (you may need to have this if laundry machines, security cameras, etc etc need to be accessed remotely; with a big enough property companies may pay you to be exclusive - larger apartment complexes, MHPs, RVPs and marinas) Payroll, Payroll taxes, Employee benefits & workers' comp insurance (if onsite employees)Vehicle expenses, repairs, licenses, gas & oil & insurance (even for cushman carts for maintenance people)Licenses Bank charges (NSF checks etc; I include an allowance for this in expenses just in case; also credit/debit card fees if tenants pay with cards) That's all I noticed. 

Sophisticated investors live on the edge of the “coin”.

So, the first $60k you have to pay FICA/SE and payroll taxes. 

The same is not necessarily true in commercial leases where both parties are assumed to be 'sophisticated'.

This should make the rent payments actually earned income subject to payroll taxes and the like in my layman's opinion. 

In September, payrolls grew by 96,000 nonfarm jobs to 15.98 million, less than August’s gain of 113,800.

@Ryan CooleyNot a CPA - may be a way to avoid taxes from dividends or payroll.

Based on everything I am going to move forward with professional painting at $4.5K for ceilings and whole house with Coventry Gray that will be done in three days.What brought me to this decision:-Painting is said to have the Highest ROI-The best preforming STR in the area are the updated grey color-Professionally painted because they can be done next week and I'm too busy with my day job to do it myself-Can add fun colors with furnishing/bedsheets/accent pieces-The grey gives a cleaner look-The grey is a more sophisticated look-If decide to sell the house the updated color will make it easier to sell-It will be easier to decorate with one color-The current colors do not go together-The current colors could turn away some people-In the words of my father: “bite the bullet and do it right”-In the words of Luke Carl: “paint it and replace the carpet you’re over thinking.

Real estate is a sophisticated topic that takes years of practice to actually understand.