Unpaid charges can accumulate and carry over month to month sometimes going unnoticed.

You carry out what the home desires.  

Below are the points I gathered from reading online: "You must already carry auto or property insurance, usually homeowners, to qualify.""

The last house I did he asked me to pack the space between the carrying beam in the basement and the floor at both the exterior wall and the center section, but not column required.

It's deductible in the current tax year but I'm going to guess your tax deduction from the AC replacement will make your passive income net negative for the 2016 tax year and you'll carry forward the loss to next year.

You can get carried away with the agreement with clauses to cover death of members, managing members etc.. etc...The accountant may only charge a consulting fee of a few hundred.

So if your repair budget goes over it also increases your carrying costs.

Rule 1:  Treat your money partner like gold ('cause they are)!

Good thing your credit was good enough  at the time to receive a lifeboat in the mall so you didn't default to your investors .I've purchased a few of my seller carry houses using cc checks back a long time ago.

YOY price increase for Indy 2.6%   Oakland 9,6%  The gold mine is in your back yard!