I have investments that send on-time quarterly reports with documents like rent rolls, expense reports, detailed explanations of whether we are in line with initial projections or not and if things have been improving or not and why.

Would that be an out of pocket expense?

They were paid off in addition to the homeowner, and I pay the mortgage (PITI).

My market is one of the most expensive in the country and I wanted to ask the BP community any advice you have with investing in a market where prices tend to be on the higher side (Ex: most multifamilies are north of 700,000 -1.5 million).

I use a paid database to scan for offmarket properties and direct mail marketing but no luck so far after 3 months of outreach.

It's no small feat for these people to raise application fees, security deposits and moving expenses.

You send it to your property manager.IRS Form W-8ECIIRS Form W-8ECI InstructionsBy filing Form W-8ECI foreign investors eliminate the mandatory 30% tax withholding as it notifies the property manager (and the IRS) the foreign investor will be filing annual tax returns to report their income and expenses related to the rental property.

The concrete put an end to that nonsense, and when the bank eventually got the house back in foreclosure they paid to have it removed and hook water back up.

I have heard people say similar things about the home office deduction, or vehicle expenses - if it's valid, I'll take it every time. 

Make sure you leave a buffer in your budget because sometimes unexpected expenses come up.