After cleaning/repairs are done, I send any remaining funds to the tenant with an itemized list of charges.

Half the time appointments never show, which is why I don't do them anymore - that, and I want showing units that are 10-20 minutes from my house to be on my convenience, since I work a "regular" job besides. 

There will also have to be seasonal maintenance activities such as cleaning of the gutters, emptying water out of the sprinkler systems, etc. to eliminate some of the weather related issues. 

Or, are painting, carpet replacement and professional cleaning regular costs that I should absorb after 10 years?

Appliances included with the RentalMonth to MonthDirect DepositLate FeesPet FeesUtilitiesAssignment and SublettingNo SmokingMaintenanceEntry By LandlordExtended Absence By TenantTermination on Sale of PremisesLease Termination Provision for Military PersonnelTenant Assumes Responsibility for MaintenanceBattery Operated Device(s)FiltersSteam Cleaning CarpetsProfessional CleaningLandscapingHOAKeys, Garages/GatesDamagesRenter’s InsuranceBreak Lease Option (Buy Out)AlterationsPest ControlHome BusinessesAttic StorageRenting Site UnseenAppliance MaintenanceFees/ViolationsDuct CleaningPlumbingChanging LocksPlay Structures, Trampoline, Pools and Other Large Outdoor EquipmentRoommateAs-Is ApplianceGood Luck you are doing great.

In fact, don’t worry about moving anything or cleaning the place up.

I would clean out the junk in the pole shed, clean the interior, repaint a neutral color, replace carpet and other light rehab tasks.

I have a regular job but even after all the books I have some questions regarding the business tax side. 

Take advantage of long term investment benefits - stomach the dips/rises & retire by 60, have a maid do my laundry/clean my house/cook my food, live in an area with nice weather, workout every day, ride motorcycles, drive sports cars, do track days, visit Vegas whenever I want.I plan to do this with income properties - buy a duplex, 3-4 unit, and into the bigger (15-20 unit) closer to retirement.Long Beach investors - hit me up!

@Tanner GishWith respect to UBIT, that is a tax that applies when a tax-exempt entity engages in a trade or business on a regular or repeated basis.Flipping houses or new home development are business transactions.