Or when little Janie's Dad noticed the "shiny newish toy" was just a busted piece of junk held together with bubble gum, and it was obvious the "nice kid with the back-pack" new the whole time and let Janie think it was something else.... 

That is why I chose Seth William's program @Tiffany Henning, I totally agree with you.

Your accountant should be able to factor that into your total cost. 

A simple source document review correlating the company's bank records of money in, investor principal owed out and total out for real estate currently owned would likely reveal a lot.

Unless the item is a total fabrication.  

I just looked at a utility bill with a total charge of $184.12 but $116.50 is from base fees!

So of the total interest you paid on that HELOC 62% (80k/130k) won't be deductible.

I’m no longer house hacking, and all three units are rented out, generating a total of $8,200/month in rental income.

I don't remember exactly but it was around $10k total for labor and the 2 new boilers.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.