I suppose if you could find a way around it, you could deduct maintenance and depreciation whereas you would not be able to (that I know of) for a primary residence.

Just because the HOA has low Association Dues does not mean that it is collecting enough money to cover it's operating cost and saving in the case of an unexpected maintenance emergency.

Tenant screening, client portal, tenant e-payment, and maintenance.

I have had no flack from anyone over it.How about running the lines through your locked maintenance closet and installing the flow meters there so you can keep them secure?

I feel that with the cash flow provided, it will take at least 16 years for the annual cash flow of the rental to match the $80k profit if the home was sold.

Or, particularly expensive to hire people in the area to deal with any day-to-day maintenance or tenant issues?

I think you lost me in all of your paragraphs.What are the following numbers:In Place Rent:Existing Debt Service:Existing Peripherals (Taxes, Insurance, Association,Maintenance, Utilities):Property Tax Rate:Also... when you say you "put a ton of money into it"...

That would put annual rent at $10,800.

We have maintenance install the washer and dryers so they are hooked up correctly.We use teflon tape,the steel braided hoses wit the high quality washers on the inside.Where the discharge hose goes into the drain we install a strap to the wall so the discharge hose won't fall out when draining and leak.Even given all that if they have an old washer it can give out and water can be released.The simple fix is a drain pan under the washer with a pipe that ties into the discharge pipe in the wall.All of this will cost about 40 bucks or so not including labor.Well worth it than cleaning up a huge leak causing massive damage.We also check the hot and cold water valves the supply lines hook into from the washer.The valves might be gone and partially leaking.Also if the tenant installs the washer and dryer they might over tighten fittings causing bent pipes and damage or under tighten having leaks.Been my experience with over 20 units on a 30 year old building.

With a standard SDIRA, you can use a company such as Equity Trust and they have all-inclusive annual fees based on the amount of the IRA value.