That's line #21 on schedule D.If a person buys a $200,000 with the 1% RoT (Rule of Thumb), the theoretical annual rent collected is $24,000 and the annualized depreciation (at 80% improvement) is roughly $5,800 or approaching 25% of collected rent.

Property management is the Wild West here in Maryland and we end up with operators leaving their owner clients high and dry, giving the whole industry a bad name.

Contractors are aggressively looking for work now as the demand dries up.

I look forward to being experienced enough to where everything is cut and dry (i doubt that will ever happen).

The primer smoothed itself out as it dried.

It rotted out the floor, the sub floor and a floor joist. its a rental and I'm putting in a metal tub.

More then paint is the prep work, replacing rotted boards and scrapping peeling paint. 

It worked well for a while, then there was a big dry spell and they sat empty.If you have a furnished rental for month-to-month clients (e.g. traveling nurses) be prepared to shift to a longer lease or look for other customers like traveling businessmen, contractors, people between houses, etc. 

Basically all he did was replace two parts of dry wall and spray texture over all the seams, so there are large obvious seems of more popcorn texture, NOTHING was scraped, nothing was skimmed, and the only painting was over the texture that was added.

You have a lot of dry powder and equity which isn't bring you very much in the way of cash-flow.