Why mention the tenant will be responsible for appliance repair above ordinary wear-and-tear?

Are you renovating your kitchen?

It’s not going to make you money in fact, youd be better off flipping a house in Ahmerst or Clearence or Orchard park paying full market price for it updating a kitchen and bath and then re selling it for 60k more.

Kitchen and hallway.

Bought 2 SFRs on the same lot that are zoned commercial (found on Crexi) for less than the price of a normal SFR because of the value add required (like kitchens and full baths, lol), but should BRRRR nicely based on the LTR and STR projections. 

If I see the kitchen is outdated and I know that spending $10K on a remodel will increase the property value by $30K, then that’s real equity—not just talk.Same with a roof.

May you deduct ongoing costs from the property like mortgage interest, replacing appliances, property management costs, etc with an SL?

In 2024, we've had to replace, in a few buildings:Siding - $30kRoof - $8kLeaks - $3kTurn-Overs - $20k+Appliances - $5kNow, I've been doing this for over 40 years, so I have a good amount of buildings. 

Will end up costing around $120,000 once tile is set, bathrooms and kitchens installed, and custom cabinets/Doors/ and furniture are built; windows installed. 

A complete overhaul of the kitchen and bathrooms, including cabinets, countertops, LVP flooring, electrical and plumbing fixtures.