I can pay utilities, insurance, and other holding fees but I won't have enough to pay other cost like listed above.

Investment Info:Single-family residence buy & hold investment.

And since you hold the property with your wife in a trust that makes this a related party scenario. 

On the other hand, when you design strategically for a specific type of guest, they’ll not only pay your desired rate but also return and recommend your property.I go deeper into this on BiggerPockets Episode 933, but I completely understand if not everyone finds this info relevant.

Investment Info:Single-family residence buy & hold investment.

For the past 10 months, I’ve been doing a BRRRR house hack with my multifamily, running a mid-term rental on the second floor.I’m looking to scale up soon as I’m wrapping up the last few renovations in my unit and will be handing the keys to a lucky tenant (MTR or LTR).

@Maxwell Servais you could also consider adding a conjoined hot water holding tank.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

Investment Info:Townhouse buy & hold investment.

If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.