Utilities are not sub metered.One half is vacant and needs new flooring, dry wall and paint.

Paint entire exterior of house= $24007.

This particular build has nice exterior finishes but it does not include insulation, drywall, trim or paint on the lower level and has no second floor whatsoever. 

The building had been severely neglected which helped us in the long run, in fact we just had it painted last week. 

. $500-700 from the initial security deposit for painting the unit - I'll get details of the deductions on Monday, I'm told.Is tenant responsible for painting the unit?

DemoKitchen Cabinets (sanding can be very dusty; you don't want all that dust right after you painted the house)Paintplumbingtile/flooringvanities/fixtures

I also need a unit painted.

For example, if you paint the are you're renting out, and only that area, then the expense to do that is written off at 100%.

My mortgage (includes tax, insurance etc) is $1625/month.Repairs = $2,000 total thus far, close to 240/month. most of which was heavy when I first purchased place and painted, changed light fixtures, window ac units etc. not that much anymore.Expenses: 1625 (mortgage)+325 (utilities)= 1950 + repairs = 2190Income: 895 (garage rent & utilities)+700 (roommate rent & utilities)=1595cash flow= -355 to -595Pros of the situation:I Took action.

Newer paint, carpets, flooring.