Failure to do this in some cases can make a landlord liable for double deposit in damages.The letter should itemize deductions:$850 deposit-$150 September Rent difference*-$150 October Rent difference*=$550 return*Tenant lease break charge. 

I just now noticed that my suspended losses from prior years was not shown on the last 3 years of tax returns (Form 8582 Item 3c)… This hasn’t been an issue yet as none of the deals have sold, but they may sell soon and this will be a problem where I can’t use the losses to offset the gains.

B item is not covered under 6(A) as an acceptable exception.

In my case, most of my close friends are what I would instead call middle-class to upper-middle class.They work well-paid jobs (mostly in the tech industry) and make very respectable salaries, but...that income is in all these people's cases frittered away on paying for the upkeep of an expensive home in an expensive neighborhood, multiple late-model cars, and bad investments (most typically actively-managed target-end-date pension funds with high expense ratios).I have three millionaire friends and family from this pool of friends, all people who made their money investing in small businesses.

(Monthly statements containing Financial items/M&R costs/GC Costs).

It is not an earth shattering concept but often the foundational items are what make a good/bad decision or deal. 

Also will have large ticket items or Capital Expenditures you will need to set money aside for to make repairs when the come due like the roof, siding, HVAC, and etc..Lastly the turn over process starts it all over again minus the loan and closing cost aspect.

Beyond that, there are a couple of big ticket items like the roof which may need replaced, and the wiring because I'm not sure if it's got aluminum wiring or not. 

Property management is a separate cost, and 10% is usually what I account for that.It has worked for me for properties that don’t need a roof or foundation (ie high capex items) at time of purchase. 

How should I structure multiple 10-31s with this model?