But I'm ecstatic that I dont have to rent any equipment or get an expensive plumber to fix this issue.

The venders that the home warranty companies hire or affiliate with are the worst and don't know how to fix the equipment that they were hired to fix.  

My credit report verifies their identity.

We got robbed two times and my crew was made to lay down on the floor at gun point while they stole all our equipment from our trucks.

I even rehabbed our own property years ago and it's almost an identical home).

Rehab included demo of a few interior walls/kitchen soffit to open the property up, all new interior paint/flooring/base boards, exterior paint, roofing repair, AC unit, replaster of the pool, equipment maintenance, all new landscaping, full new kitchen, all new showers/valves/tile.

You should be writing off office supplies, mileage, phone charges, equipment, etc. 

In other words, you could spend $3,000 on the equipment to get $1,000 in tax deductions.

Numbers for 1 of these identical duplexes are below:$180,000 purchase (2580sf)$75,000 renovation$2800/month gross rents SF homes sell for up to $160/SF in this neighborhood The income approach would be...(2800*12*.75)/.08 = $315,000 (if I understand typical calculation correctly) Lender will do 80% LTV with 12 months seasoning.Thank you in advance for any information you can share!

The biggest challenge is likely maintaining the separate identities of the company and its owners/shareholders.