You can generally expect to pay 10% of the rent income towards ordinary maintenance, 10% for vacancies, 10% for capital expenditures (roof, flooring, etc.), and 10% for property management in case you aren't able to manage yourself.Once all that is taken care of, your leftover money is your cash flow.

For example, I coordinate and supervise ordinary maintenance, but I charge an additional fee for renovations, adding a deck, or other work that does not fall within the scope of managing what is already existing.

I not taking about getting some miracle deal or something out of the ordinary.

Once upon a time, there were no limits on deduction passive losses from ordinary income.

Units will have private, open space patios and two-car garages with side-by-side stalls.Verdana II residences are about 1,357 square feet and have three bedrooms and two and a half bathrooms.

Has anyone replaced a deck patio before?

The toilet handle may be a tenant-caused issue or it could be ordinary wear-and-tear (things break even with ordinary use).

Taking a distribution from the profits would be added to your ordinary income during tax season and accounted for via Schedule K-1.

It would be $199 for the pool, pest service plus a weekly damage and security inspection report (photos of outside home, check doors/windows, screen patio). 

Of course expenses to ensure nothing out of the ordinary but the profit is in appreciation and rent growth.