Our principal deduction each month is around 700/month at this stage of the mortgage.  

With this document, there are options (though sometimes limited) in collecting that may include placing a lien on real property, placing a levy on a bank account and garnishing wages.An account (in this case, a tenant) that has a balance due (bill from property damages) may be sent to a collections agency who may try to persuade it is the debtor's best interest to pay or settle the debt.

Are the costs for buying and operating this asset deductible as business expenses?

@Spencer Hoogveld - Tenants like this are the reason to have a maintenance deductible / nuisance call fee I’ve seen some landlords implement.

Two things:Rapairs:1) Repairs made on the personal side of the duplex cannot be deducted.

We have spoken with several realtors and they all wanted us to repaint the walls before listing.I can fix the door guide (only $5), replaced the Roman Shades with mini-blinds ($8 each because if I ma installing new Roman Shade it would be a lot more), I patched the ceiling myself ($1), mowed the lawn by avoiding those few spots with new sods without any issue (even after it rained), cleaned all of the windows, and bought paint ($13) and repaint the sills ourselves.My question is, shall I deduct from the security deposit for having to repaint the walls?

Does he sell the properties and 1031 into something with more cash flow and depreciation deduction or keep the properties and maintain his cash flow?

Avoid acquiring properties without paying off the HELOC because the balance perpetually grows until the draw period ends, and you'll experience unpleasant payment shock.Consult your CPA for tax implications: HELOC interest likely wouldn't be deductible in your situation based on your stated usage, whereas interest on your financed primary residence should be deductible.The good news is that there's not really a right or wrong answer.

Can i get the same deductions on repairs on the house or office supplies if i dont have an LLC?

@Marenda Bullock after a move out inspection is performed and the appropriate deductions are made from the security deposit