@Julie Hartman how is the tenant made aware that the balance for the repair is their responsibility?

There is a ton of equity in the property, Value is around $180k, mortgage balance is $70k.

Adjust them a few times throughout the year with updated loan balances, rent rolls, insurance premiums, & property taxes.Create a sheet with your insurance premiums for each policy that include the premium, deductible, expiration date, and who all are included under the policy such as which bank is financing that property.

Your financing would look like this:N (number of pmts) = 360I/YR (annual interest rate) = 9%PV (present value / starting balance) = $75,000PMT (monthly payment amount / assuming monthly) = -$603.47 (this is a negative value because cash going OUT)YES, you should budget additionally for taxes and insurance and other costs like get readies, turnaround, upkeep, and capital expenditures. 

It will be interesting to see if more states decouple for the 2018 tax year to counter balance the SALT cap.

We are looking for advise on how to balance this.

There's always a balance between keeping the tenants happy and your bottom line.

We setup each property as a 'customer' and can track all income and expenses easily as well as produce Income Statements, Balance Sheets, etc. in a snap.

Some of them buy and fix.Non-gas push mowers take regular grinding and blade balancing maintenance to keep the blades sharp.

They have great rental history, their references all checked out and had glowing reviews of them, they make 8x the monthly rent in combined verifiable income, the woman's credit is impeccable, she has a steady bank account balance of at least $10,000, and the guy is a public school teacher!