My CPA instructed me to list my repairs as CAPEX or repair items , furnishings were supplies for the rental. 

If I am reading correctly, they are simply supplying the money for the partnership. 

The equity increased a ton especially w the limited supply 

.: I just got billed $365 by my property manager for replacing a toilet fill valve and supply line.

@Jamie BanksI understand there are multiple parties: 1) displaced insurance policy holder (tenants)  2) ALE 3) The company that supplies all the furniture and install the washer and dryer. 

I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

They will be fully furnished including some small items like towels soap and shampoo. each room will have a mini fridge desk closet on suite bathroom and chair and TV.

The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

Throw in a few nice touches, like coffee or board games, to wow your guests.Keep extra linens, cleaning supplies, and essentials like toilet paper handy so turnovers are quick and easy.