My question was how people "deduct"/don't pay tax on those expenses.To provide numbers, again this on a property, but not one I currently own (tenant in place for 1 year so no ads, turnkey so should have low repairs, but I still use 8%).income 1250$/monthTaxes 177$/monthInsurance 100 $/monthmgmt fees 100$/monthmaint 100$/monthVacancy (not actual money put aside) 125 $/monthCapex 183$/monthmortgage 440$/month of which Interest 4000K/year (330$/month)monthly expenses:1225$/monthprojected net income: 25$/month

So anything not expected to last a minimum of 5 years is included in the Rehab.For Vacancy I can care less how low a Seller or market average is.  

I'd recommend as @Theo Hicks said to stick to a weekly report from your PM and then calls on as needed basis.Before you jump into this investment, ensure that the numbers work and the overall investment makes sense = low vacancy, demand is high, town population is on the rise, jobs are available and accessible, etc.Best of luck!

I most definitely count myself as lucky for having the "low risk" opportunities to just sort of 'go through the motions', but maybe its because I have had that chance that I know I still have so much to learn on this journey before I make my first INTENTIONAL investment purchase.

I have good credit with a very low credit utilization at the moment, and I don't really want to jeopardize it too much.

Your agent fees are far too low.

I had a low BS meter before and it’s about the same now.

Self storage...he just had an offering a few weeks ago.

Seems highly risky for a first investment but those numbers are pretty low for a 4.

To me it’s a myth that any thing low price is insulated from a downturn because “people need a place to live”.