Research the correct way ( I believe putting in what amounts to an escrow account) and include a letter with your June rent payment explaining that per PA code XX you’re withholding $yy this month to cover the costs of non functioning systems that were included in the house.

@Prem Schoff it seems that "net some equity within a few years" is your goal, correct?

Now that you've bought yourself some time with lower interest rates, decide if your numbers play out correctly.

Madison was very stable thru the correction - head south to Janseville or go 20 minutes in all 4 directions for better values on your purchase after sale.Happy hunting!

Sorry if they did but this is not correct.   

If done correctly and accurately, the CAP Rate boils down an investment to simple numbers we can all understand.

@Matt Brun You understand it correctly.

Is this the correct way to do this if you arent making any repairs?

I do not think that is the correct understanding of the tax code. 

Correction...I meant to say "Used strategically; the cost should NOT be too large per month."