I offered to wash and paint the exterior, and we came to an agreement on price.

Will all of my renovation expenses ($80,000 by the EOY), plus the negative cash flow wash out the $35,000 annuity income when it comes tax time?

The full bath has a window other 1/2 bath (toilet and wash basin ) very small maybe 5x3 and no window... neither bath has ever had an exhaust fan and the house IS NOT having extensive remodleing...

So that wash point.

The tenant was washing the walls when I got there, and I didn't see any damage.Note: full refund actually means minus the carpet cleaning fee for every one of them.

What was he thinking?????

Tenant will pay for utilities so that is a wash.

So far I have boosted curb appeal by power washing the exterior, painting the shutters, removing some old rotting fences and dead trees and bushes.

Filling up pools in the backyard or having more people live there than they told you etc but then again in most cases you can just resolve that between you and the tenant.Thanks for the insight … yea it’s minimal, my units don’t have a washing machine, dish washer or a pool for that matter.

And that is not to minimize a lot of other things we do as to maintenance... we paint properties, pressure wash, replace pool liners, do what preventative maintenance we want to do and farm out the rest.