After assuming average repairs and maintenance, you’re AT BEST negative cash flow of $600 per month.

Additionally, LLCs can provide tax benefits through deductions like mortgage interest, property taxes, repairs, and depreciation.

Set a budget, determine what you can afford (not what a mortgage broker says you can afford).Do your best to figure out insurance and taxes, and try to set aside 5% for maintenance each month for big ticket repairs that WILL happen.   

Be prepared for maintenance and repairs, as well as dealing with tenant issues and potential vacancies.

Regarding your maintenance issues with your units, as your agent your property manager is responsible for reporting all issues to you and following your directions regarding repairs.

Without knowing all the details (ARV, amount of repairs needed, other debt on the property etc) its tough to advise you properly.

Currently doing repairs from a tenant departure.

Are you sure the Appliance Fee isn't a fee for a utility company program that repairs them?

@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.

This will help you to communicate with the tenant regarding maintenance requests, demands for service, handling maintenance and repairs during the tenancy, what the tenant may owe during the tenancy, handling security deposits and claims, etc. 4.