Welcome to land lording,You could replace the items with either a laundry pod or 5 gallon salad spinner and a drying rack.

Some things you can learn by going to a Home Depot or Lowes and pricing out items.

Sell potato chips and other grocery items that are slowly decreasing in quantity, but rising in price.

(How much of each item?

To Dave's point, the repair figure looks a bit low for the items you described.

@Barima Opong-Owusu We usually run maintenance costs at 10% and in older buildings they're often higher so that expense item looks a little light.

You've missed insurance, capital items, and property management to name a few biggies.

I usually put about $30k into my flips, depending on if it needs any big ticket items like a septic system, heating system, etc.

Practice negotiating with people at garage sales and people who offer items for sale in their yards like cars, boats, etc.

Capital items get added to your basis, but you don't take depreciation for a residence.When you convert a residence into a rental, your basis is the lower of the basis or the fair market value when the conversion is done.