I am not trying to supplement my income, just have a positive cash flow that allocates repairs.Also I have a tough time filling my units.  

Couples things that will come up:- Depreciation expenses (my favorite non cash)- When the unit was placed in service will determine when to allocate expenses to the rental unit rather then when it was rented.

If you're looking to get out of the business I would allocate ~10% into public market equities with 10x potential (think Marijuana companies, Sports-betting, AI, and bitcoin miners).

So, when $50million is allocated to Fair Park...that's a joke.  

Tenant pays all utilities, so I’m cash flowing $530, but I count it closer to $300 to allocate that remaining $230 for maintenance and capex. 

Your accountant will set up the allocations. 

It has partial releases at 120% of the amount allocated to each property.

Expenses must be allocated based on personal days occupied vs. tenant days occupied.Friends or family renting below market value may be considered personal use days as well.

Expenses must be allocated based on personal days occupied vs. tenant days occupied.Friends or family renting below market value may be considered personal use days as well. 

You will have recapture if you take depreciation.From Sec 121(6)Recognition of gain attributable to depreciationSubsection (a) shall not apply to so much of the gain from the sale of any property as does not exceed the portion of the depreciation adjustments (as defined in section 1250(b)(3)) attributable to periods after May 6, 1997, in respect of such property.Also you will further have to allocate some of gain for periods of nonqualified use which also reduces the exclusion amount.Also from 121.