We are fortunate in our market that it is standard practice that tenants are billed back a portion of the water and garbage.Let's say the tenants each get billed back 30 per month, that's 300 per month and a total of 3,600 per year.  

(oh, and LLC formation fees are tax deductable also!)

Does anyone have any standard lease agreements to share?

The building is all stick, and the floors are like a fun house up/down. this could mean significant structural issues, or a lot of down time trying to fix these issues. it also needs a roof and lot of minor repairs to get it up to standard for this area.

I have found that Allstate has the best balance between deductible and pricing, especially if you are already an Allstate customer.  

He was even able to work his magic to arrange and escrow account for exterior painting on a standard FHA loan, which I was told by local banks wasn't possible.

Currently, given VA standards for the home, it's pretty hard for veterans to buy fixer-uppers and do the bootstrappey DIY thing that many of us would be naturally inclined towards doing if the VA would let us.

If you paid a lump sum PMI, that is amortized over the life of the loan with annual expense deductions on Schedule E.  

We don't prioritize these faux deals over real deals, of course, so it takes two weeks from when my little "I need this and that paperwork" list is fully 100% complete without any omissions.They can still house hunt using standard contingencies during that period, naturally.I generally don't bring it up unless it's requested (typically by the realtor) because people get pissed about the additional paperwork I ask for that includes why this or that credit inquiry 4 months ago happened, etc.A concern, and something I've noticed come up more and more frequently lately, is lenders pretending it only takes 3 days to get through that 123 Main St underwrite and letting folks go in with no loan contingency because they THINK that they are credit/income/asset approved and have been lied to.

This number would be reduced by the standard deduction of $12,600 and then further reduced by the exemptions amount of $8,000.