You have to either do 100% of the management yourself, or you have to pay astronomical fees to have a management company rent the unit many times per year and pay to clean the unit inside and outside every time a guest moves out and you need to pay to change the linen, wash dishes, clean the refrigerator and stove, clean the floors, maintain the yard, trim trees, pay $3000+ per year to maintain a pool (if you have one) and place sundries in the bathrooms, etc.

If you unit floods,  or dog pee is in there,  you pull it up,  wash it,  clean and dry the subfloor (or replace if ruined),  put the vinyl right back down.  

You need to claim the depreciation.The depreciation acts as a wash anyway.Depreciation one year, Income another year, given that you sell the property.

You can pick whatever is easier or more beneficial.Deduct the actual expenses like gas, insurance, lease payments, repairs, oil, car washes ORDeduct the standard mileage rate (65.5 cents per business mile for 2023, 67 cents per mile for 2024)Both methods require you to keep track of total business and personal mileage.If you deduct actual expenses, you can only deduct the business use percent.If you deduct the standard mileage, you can only deduct the business miles.

Hey All, I have a one bedroom 16-plex that has been having trouble getting tenants and keeping occupancy for the past year, one of the feedbacks we mostly get is that even though the apartments are nice they want a washing and drying machine. 

This includes washing machine water.

If you didn't take a deduction that you could have taken, then you can either file an amended return (if you are within the window) or it's just washed away.

If you’re def gonna house hack, look at Denver proper (sloans, highlands, Berkeley, wash park, city park) but be prepared to pay higher $$3.

She said it costs 3x as much but lasts forever and is easy to wash. 

You will still need to qualify for the next property, but based on the information provided, this one will be a wash.