Do I still have to allocate funds for roofing, water heater, HVAC, gutters?

And Harry, the CBO has given the analysis on the budget cuts and they don't compare the savings of today to future allocations, each year is onsidered and brought back to a present value as used for appropriated and non-appropriated funds.

Say 220 was roofing ststems for expenses, 221 could be felt, 222, shingles, 223, hardware (nails, screws, trim, drip trim, vents, sofit) 224, decking/lumber, 225, roll roofing (including rubber systems) 226, glue/adhesives...you get the idea.If you are knocking out say 4 basic floor plans, different elevation but all the same materials/grades, you are buying bulk and allocating costs based on the plans per plan.

When you buy a property, part of the price is allocated to "improvements" and part to the land (usually).

I'm assuming, since you know your numbers, that your full-time person cost is allocated across the properties so it's a true $50K per year.  

. - you can do that, but it essentially comes down to the business code you allocate to your Schedule C (Box B) or just filing a Schedule E, if you're a landlord.The IRS has metrics they use for these businesses. 

I bought mine a few weeks ago and generally the pre-sale allocation gets snapped up within a few days or even in a few hours!

Many courts will only allow you to deduct the amount allocated for a “Pet Deposit†for repairs caused by a tenants pet.

Many cities (at least older, Rust Belt ones) have some sort of cost-share program for public works projects like these, where the direct benefit is likely to be enjoyed by the residents of the building adjacent to whatever's being fixed, so they (or you, as the case may be) have to kick in.As for why your property taxes don't pay for it, you'd have to look at the tax bill you get in Columbus to see how things are allocated.

Most of your time will be allocated to managing checkin/checkouts and client communication.