Will I be subject to excess net passive income tax (I am understanding that this is 25% of my corporate gross.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

I'd consider LED as they can take more abuse (on off on off on off) (moisture), and they're cheaper than a new fixture....  

You can prohibit, or limit excess storage (inside, AND outside of the garage), and certainly consider restricting, or providing a metal storage locker for flammables.

To make sure I'm interpreting your comment correctly - are you suggesting that rather than focus on investing his excess capital in real estate, he should look into spending that $ on legal, medical, insurance, and other matters related to his death instead?

. - your maintenance numbers are good, and not excessive.

But for a basement, tile is really your best choice due to potential moisture issues (esp in your climate) That said, I  googled some photos of the stuff.

Category 1: the basement shows some hairline cracks at the frost line; and some stair step cracks but no heaving, and only minor evidence of moisture..Question: what type of repairs should I plan for?

For all options I would recommend some form of liability, property coverage (builder risk or dwelling policy, excess liability and workers compensation.I directly represent over 40 insurance companies and would happy to speak further about you current situation.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.