As soon as an item is placed into service, the lifespan of the item has started.For example if a water heater replacement is $1200 in your market and lifespan is expected to be 10 years, the water heater has maintenance/cap ex o $10/month.    2 water Heaters means $20/month.  

In the future, this may be a good item to clearly call out responsibility in your lease, if it is not already.

Here's a quick list we use when advising clients:Avoid septic if possible (higher long-term maintenance)No power lines or flood zones (hurts resale/rentability)Good school district and low-crime zip codeNo HOA or landlord-unfriendly restrictionsBuilt after 1980 to minimize major capital items (plumbing, electrical, HVAC)Single-story brick homes rent well and cost less to maintainFor a deep dive, check out the BiggerPockets books “The Book on Rental Property Investing” and “Buy, Rehab, Rent, Refinance, Repeat (BRRRR)”.

You won't have to supply linens, TP, paper towels, coffee, soap, etc and won't have to replace broken items or small appliances.

This is common, and you want to make sure you fully understand this before entering into an agreement.4.) make a good list of the deferred maintenance items.  

Negative -$400/mo.Total down is $60k plus $5k closing costs, and since capex was top line item call it $15k.

It allows you to "check the box" for crib/baby items. 

A very thorough inspection in the beginning is crucial to build a replacement plan for high dollar items such as the HVAC if they are aging.

Hate to miss Gatlinburg, though.I wonder how many others have the same concerns about storm damage, availability of lodging, gas and food in the area and how it affects your local STRs.So the travel issue is really on I-40 through the Pigeon River Gorge.

It’s totally fine to keep it as one line item on the invoice or receipt.