I refuse to eat cleaning and actual damages as the "cost of doing business." 

From the lush green landscaped courtyards with water features, to the ample open-air dining spots and the intimate outdoor fire pit, Plant 51 is a hidden gem tucked away in the heart of Silicon Valley and downtown San Jose.Plant 51 is a secured building with secured parking.

If the overdue big earth quake come, likely those 2 will get some sort of damage.

For example, who is responsible for snow removal, you or the tenant, how long can they have a guest until the guest is considered a resident there and should also be paying rent, you encouraged the tenant to get renter's insurance because you will not be responsible for any damaged or stolen items, etc.

Repair Costs: $2500Down Payment: 25%Interest Rate: 6.1% - 30 Years LoanRent: $2350 (current)Water and Sewer: $150 monthlyGarbage: $100 monthlyInsurance: $200Other: $275 (this is my HELOC payment assumption)Vacancy: 5%R&M: 7%CAPEX: 7%PM Fee: 10%Annual Income Growth: 2%Annual PV Growth: 2%Annual exp.

I do vinyl plank flooring.. and basics.. the water was leaking from which line?

I underestimated how much damage these things can cause. 

Do you need to account for any extra expenses like water, trash, upkeep, etc?

If a property is owned by an LLC, and let’s say someone decides to sue for damages due to an injury on the property, they go after the insurance (important to have) and any assets under the LLC - Liability is limited to the business when you have this type of set up.

8 mobile homes, 1 house.All mobile homes and house occupied.Room for one more mobile home.They own the mobile homes, rent the house.Tenants pay all utilities, including water and sewer.Tenants mow there own laenLandlord pays for plowing snow and dumpster.