Land improvements 15 years. structure and structural components are 27.5 years.These items are expensed over the class life as opposed to all in one year.The tax savings is based upon your tax rate.

It's more than just replacing the dry wall, you could be looking at electrical system components, a/c handler, plumbing/copper, etc.  

The 50% rule takes into account the following:1) The fundamental long term nature of investing in real estate.2) The design life of all components and sub-systems of a structure.3) Murphy's Law- Anything that CAN go wrong, will.The fact is, in any given year, your figures may be right on...for that 12 month period.

The amount of rent has no relationship to the annual maintenance cost.Determine a Property Specific Maintenance ProvisionThe method used with commercial properties is to create a "reserve" fund to cover future repair costs based on remaining useful life of the expensive components.

How old are those components? 

My lease with that tenant has/had a very specialized bed bug addendum, that has an educational component similar to the requirements under the new Philadelphia law, so the tenant was made aware of bed bug behavior, and that they are hitch hiking bugs.

We assembled a team that could do critical components to make this work.. 

In my opinion, some of the overarching key components to a good syndication deal relate to the fact that money is made on purchase, and hold time (ties up my money). 

My favorite part so far...for comedic purposes, and please keep in mind this comes with some sarcasm.....I found things like: "The weights of the components are statistically optimized for each metro area in order tobest capture the underlying cyclical movements in the local areaeconomy." translation....

I think more in terms of...Cash flow per property than per doorTotal profit (IRR - cash flow, principal reduction, appreciation) rather than just one component of it (cash flow)Adding value...forced appreciation (which can be the most profitable component)