So, need to know what was pulled back or the cause of the backup before any decisions can be made.But, if they are putting things down that don't go down you should tell them you got this one, the rest will be on them, give them a warning, get a report from the plumber that says exactly what it was and that is is cleaned out now so you know the next time if the same stuff gets in its theirs.  

Ideally I'd like to see the tenant’s rental application, credit report, background check, all other screening measures the seller took when the tenants first applied, rental payment history, as well as current lease.

We file an expense report every time and get reimbursed, using receipts for purchases, and IRS mileage for driving our cars and per diem rate for meals.

I have a little more information as we now have the broker's valuation report. 

In comparison, the cost for the paint and carpet and everything else was probably under $5,000.I have also heard that some turnkeys do not provide an independent inspection report or allow the property to be inspected.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Providing things mentioned does not trigger this.I do know that if you don't offer substantial services it is pretty much passive income that is reported on Schedule E.I'm curious to see what other say about this, but I'm sure most people do not fall into this category.

Surprisingly the repairs that came up as part of tenants complaints were not related to any of the things called out in the inspection report.

I would put no trespassing signs, install an alarm system (you can get a wireless cellular one like Simplisafe for $300) and report any breakins to the police as a break-in as well.

Account ClosedThere are normally two ways for more than one individual to own property1) Tenants in common2) Entity owns the title and there is paperwork that indicates that you both are owners of the company(LLC, LP, GP, Corp, etc)You need to report income if you are receiving rental income(regardless or how ownership is held).