I spent a week there last month just getting familiar with the city and neighborhoods.  

I spent hours researching every platform, demos, free trials, etc.

If you spent $1,000 on marketing, you do not get to choose whether or not to deduct it.

All of my current rentals cost about the same to purchase ($215-265K), but cash flow is so different and current house prices are as well ($325-600K)...and the one I spent the most for and cash flows the most, is now the one worth the least (still worth more than I paid for it 3 years ago).

I spent a lot of time schmoozing folks when I was rebuilding a house in Gatlinburg. 

@Michelle Dong hopefully you haven't gone and spent thousands on a "guru" program for S8!

If you take care of these items consistently you don't have much to worry about & will save time and money better spent being refocused on your real estate business. 

On my first property we were planning a cosmetic flip based on the inspection report with a mediocre inspector and unfortunately once we got into it I spent close to $60,000 rewiring and making many mechanical and physical upgrades.

Alright, so over the course of a year, nearly $800,000 was spent acquiring, rehabbing, and placing tenants.

But that isn't that attractive because they then have to spend time figuring out what to give you, setting it up, teaching you things to be able to do it, and that's a lot of time and energy spent.