I just begin depreciating appliances when I replace them with new purchases.  

You guys all sound like pros.

@Alex Franks, sounds like you're killing it.  

Sounds appropriate to me if you can do it that way.

Hi Rachel, sounds like a great way to start your investing.  

On the last one, there may be recourse if there was clear misrepresentation in writing, but that's a matter for attorneys.In reality, your only recourse may be a slam on turnkey-reviews.com and a learning experience.Definitely replace management with a trusted local.Good luck.

Sounds like you already have much more skill and experience at your disposal than the average investor does getting started.

@Bevla, sounds like a concerning number.   

It also sounded crazy to a lady I spoke with at a local REIA meeting I attended last night.

From your post it sounds like a paid collection or a late payment.