Very cheap properties however will have a higher percentage as fixed costs for low prices then become a higher percentage than they would be on an expensive property.Also keep in mind prepaids and escrow are not closing costs, its just you funding those items before they are to be paid.

Since we refinanced it, we have been making a cash loss after paying mortgage and taxes. 

Due to my job loss, my credit has suffered.

Especially, that there is always losses for the first year of owning a property - it starts cash flowing much later.

The only security deposit deductions should come from move out damage.By this method your property is always in tip top condition and turn over costs are reduced to your normal wear and tear items.

I would keep all of that and then just him a new check via regular mail.Except I'd also add one more line item to the deductions for unnecessarily having to buy a 50 cent stamp, because he was too lazy to pick up the certified mail you'd already sent. 

For an extra fee they will pack items that are shipped to one of their yards on the west coast. 

Property tax isn't a balance sheet item; so I'm assuming for escrow and saving up for it.

If you work 40 hours a week it is tough to claim 41 hours a week on real estate.And yes you are limited to $25,000 passive loss limitation, new tax laws only make this worse or better depending on if you can use all the depreciation, as you can write off more even faster.

First most contracts, but not all, would limit you to only the loss of your deposit.