After the inspection report, it needed about $1500 of repairs.

The house is currently vacant as I'm doing some repairs and posting ads to get tenant in.

Keep in mind that the home will likely need thorough cleaning and repairs may be extensive.Ask about short salesIf a homeowner needs or wants to sell a home that isn’t worth what they owe on it, the lender may consider a short sale.

They compose yearly repair rates for all major appliances they service based on their own service call numbers.I am just posting this info for everyone to read about these units.

This is why we focus on land being 10% of cost of after repaired value as well, soft costs 5%. that's 15% and then on building a home that is small enough to have a large gap in equity of at least 30%. rinse and repeat 

I pay the $1500 in repairs to the community well so my tenants have water.

Not to do repair work and not as my agent.  

The items you'll need to track are:Date of ExpenditureVendor Name/Tenant NameAmountCategory of Expense (look at a Schedule E to get this)/ or Revenue Type (Rent, Deposit, Utility Reimb, etc)Property (for when you have multiple properties.Put it in a nice column format like this:Date                     Vendor/Tenant                Amount                      Category                  Property1/1/18                   Joe Smith                         $1500.00                     Rent                           123 Main Street1/5/18                  Home Depot                   - $20.00                        Repairs                       567 Oak StreetSo that when you share your spreadsheet, they can filter for what they want. 

In this case we would just charge the tenant for the repair that we facilitated.

.- If the property catches fire, through no fault of the tenant, the owner's insurance does not cover the tenant’s personal property or expenses they may incur while the property is being repaired.- If the tenants cause their neighbors to suffer a loss, through bodily injury or property damage, their Renters Insurance will provide protection that would compensate the injured party.