Your local S8 Housing Commission should have an info sheet on their website that shows their deductions if landlord chooses not to include electric, gas & water.Even more critical, your $680 mortgage amount, that you appear to be comparing to the S8 rent, should include ALL the other housing ownership costs: property taxes, insurance, vacancy/tenant nonperformance (S8 tenant may have to pay part of rent), maintenance & miscellaneous.Suggest you use the BP Calculator for this.

And for extra context, rent increase is from $900 per month to $1000 per month (still $200 below the market, and probably more considering all utilities are included).Rent Increase Letter (Due to Below Market Value) TemplateDear [Tenant's Name],I hope this letter finds you well.

The laws are not landlord friendly at all and it's common for landlords to get stuck with a non-paying tenant or squatter and have to legally keep paying the utilities, taxes, mortgage, etc. while the eviction gets delayed in court for months or years.

If the delay results in you not meeting the state deadline, then I suggest you make the PM pay for it or file a complaint against them with the state.Everything has an expected life span.

On a $200k loan you will pay $10K more per year in interest, or $850 more per month. 

Drug out the process so long I had to pay additional EMD to save the deal.

If walls are damaged enough to add extra cost to paint job, you can have contractor itemize that part as additional charge and deduct from security.

Long-term tenant that always pays on time.

I like the benefits of S-Corp, however we wont be paying ourselves a salary.

Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone please let me know how much UBIT I would be subject to?