He said there shouldn't be any repairs and whenever there were repairs, he paid for the materials and had them be installed.

You’re in a win win situation no matter what however I guess you would also want to take in account any major cap x repairs that might be coming up soon in the future you might want to avoid paying. 

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

The house was flooded to the tune of $70,000 in repairs. 

Truly Passive: No management, no tenants, no repairs, just consistent income.3.

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

The previous owner started to repair it.Looks a little rough, but we’ll get her all fixed up.

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.

Because real estate always goes up and the maintenance fairy takes care of all repairs free of charge.Seems like a recipe for disaster.