Adding the rehab money is standard if the property needs repairs.

I'd call insurance before having any sort of plumber to come do any repairs.

Nothing to get crazy about but no need to deal with tenants, property taxes, repairs, vacancies, etc. just sit back and collect.

Fourth: even if the entire deduction is available, it results in much smaller automobile deductions in future years and extra taxable income when you sell the vehicle or trade it in.

Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees. 

I thought I could solve the vagrant problem by buying and repairing the buildings.

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

And you need to keep detailed records of all repairs and improvements.

Okay, let's allocate $1500-$2,000 for this repair that will need to be done.  

Quote from @Dan Grove: Some combination of cash to seller, closing costs, repairs, construction, paying off arrears, assignment fees, commissions.