I would probably have 8% for repairs & maintenance like broken windows, snow removal/landscaping, and other small repair items.

Yes, a new $urvey would be performed first.I just need to know whether I'd be taking a big loss with the new fence.

Do they have any dive bomb stocks they get sell this year to generate some large capital losses to help offset? 

@Renat Stella that's most likely a tax issue, they must rent it for 6 months to be able to write off the loss in a more advantageous way.Would you mind sharing the contact you talked with? 

@Dylan MeekerDylan, you posted the same item over in the Landlord forum.

Just pure dollars, With the savings of 1330/month but the loss of 2 hours per day that equates to about $30/hour.

Natalie said: “It generates passive income…… You don't qualify as a RE pro in term of hours.”Code Section 469 (Passive Activity Losses) is irrelevant to TB discussion under Section 162.Natalie said: “You pay no self employment tax”Code Section 1402 (Self Employment Tax) is irrelevant to TB discussion under Section 162.Finally: Some of the cases I have cited decided what’s a “trade or business” under sections other than 162.

We set aside a portion of our gross rents each month (usually 15-20%) in a capital improvement account and then we can use that account to fund repairs like roofs, AC units, remodel of kitchens or bathrooms, new appliances etc.You will always find something to spend on , I would spend some time to prioritize your capital spending, and to plan ahead of time for big ticket items to keep your place in top condition.  

How are you guys handling this issues since these items can vary wildly?

In my retail business (thankfully sold in 2015 at only a $58,000 loss), people I liked and trusted stole many tens of thousands of dollars over the 11 years I owned it.