This is basically to make sure capital items are covered.Also, remember that it is ultimately a lease.

When buying a property, there are a lot of items that can be deducted at tax time, like property taxes, HOAs, utilities (if you pay them), mortgage interest, and depreciation (based on 27.5 years).If my income puts me in the 28% tax bracket, and those deductible items listed above come out to $10,000 (easy number for math purposes), would I be able to collect an additional $2,800 from the IRS...and would it be smart to include this in your cash on cash ROI calculations for the year?

This beam could be a difficult item to replace due to size and access.

How would that figure into the equation vs a builder who subcontracts every single item required during the building process?

I would advise to go to Home Depot make a list of items and prices like cabinets, sinks, tile, paint, Sheetrock, toilets vanity, water heater, boilers or baseboard heaters those are the main things you have to deal with inside the house.

Hey everyone,I am marketing and going for it as I search for my first deal,  what I don't have is the legal documents and contract items needed for lease options or contract for deeds.  

However, I want to point out that you still get to deduct those items and you want to keep detailed track of them.

The hourly rate and added line items are getting out of control for the maintenance costs in my San Mateo properties.

This can depend on what kind of response they send to the court, will they put any money into the registry and/or are there any holidays.If the eviction runs its course, at the end the sheriff will come out and you will meet them there with a locksmith and maybe an extra hand in case there are items left in the house.

One item to note is that if you use the actual cost method, you must use SL method of depreciation rather than MACRS if you use the vehicle 50% or less for business.