The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

She was told by our local power company, PPL, that our meter base needed to be upgraded, THEN they could put her meter in (there was no meter in her unit because the previous tenant moved and it has been unoccupied for a few months).

Hi,As a cabinet distributor, I have never found that replacing doors are cost effective.

This may inherently allow an allowable offset of PAL, when ordinarily the cost seg depreciation would be subject to some possible suspensions.

That negotiation with cost participation, or their funding of the project should begin with them.    

Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.

But given our high cost city and sky rocketing interest rates, early and simple analysis of any property has so far resulted in negative cash flow. 

If you're expecting to lose $250 a month from the get go without calculating all the other costs associated with renting a unit, its going to be a big time loser.Remember, cash flow is always king!

Bought for $60k all in including the Reno Costs.

I will hold the mortgage, but we will split all costs, form an LLC, and be joint owners of the LLC.