Closing costs, repairs and vacancies all add up and if you have multiple rentals it seems when something happens in one (eg fridge goes), another thing happens in another (eg washing machine). 

Maybe its a wash!

And if it is all business, then you should have an LLC credit card that is used for fuel, tires, oil changes, car washes, etc.At the end of the day, you need to talk to a CPA and potentially an attorney.  

I'll use my washing machine drainage pipe as an example.

<3 and the taxes in theory should wash since I use that next property and depreciate it against earned income.

What lease was he using?

I believe he said it was pretty much a wash on returns vs. extra work.

They will wash and treat the structural elements that are still sound and replace those that are not.

@Sam ReddyI wish your software could help me choose the best bottle of wine to help me wash away my pain point. 999 more to go.

We are finding from our projections that the UDFI tax is almost a non issue as you also get to take depreciation on the financed portion and they come out to a wash more or less.