@Christopher Smith I'm not sure, I filed a tax extension so have not filed yet while using QBI yet. 

This is the further expanded category of Fixed Cost that I was referring to:Purchase Cost- Inspection Costs- Closing Costs- Lender FeesHolding Cost- Mortgage Payments- Property Taxes- Utilities- InsuranceSelling Cost- Commissions- Closing Cost- Home warranty- Termite Letter- MLS Fees

Last year (just after I was on the Money Podcast) I found myself with two vacant rentals where I was paying both mortgages and utilities, not only that but I had yet to refinance the one that was a BRRRR and I had used credit cards to pay the $25,000 in renovations.

I calculated roughly sending 800-900 per month after all expenses such as all utilities, PITI, repairs, etc.

I see unexplainable debts (possible amounts owed to prior landlords) and late utilities as bad, but the rest is just the poor personal fiannce habits or life circumstances that make applicants renters rather than owners.- Having roots in the community, normally having lived in that neighborhood for several years, or in this case being close to her parents adds screening points.

I am finally accepting the fact that I need to file for an extension and work with a CPA.

Basically, if you run all your numbers - Rent MINUS mortgage, property tax, insurance, property management fees, listing fees, take into account vacancies, repairs, cap ex, (HOA fees, Utilities, lawn/snow care) and you come away with a good chunk of cashflow, then its a good buy.

I wouldn’t give them the keys until you’ve received all rent/deposits, you’ve received proof of renters insurance, and you’ve verified they put the utilities in their names.

Utility providers are not in the business of relocating power lines to accommodate a garage entrance.

What’s the utilities.