Thanks for the input, the facility is well maintained with rents to below the standard.

The purpose for providing tenants with a packet is to have them maintain the property for their convenience and to set the tone that a plumber won't be coming every time they clog the sink or have a slow draining tub. 

Can I deduct interest rate, HOA fee, and other cost to maintain the house from my tax?

Tenant shall maintain property in good condition. 

Here is a graphical diagram to help you on some of these questions and quest: So, another perspective would be to apply the "Asspro rule of 2%" (© Costin 2018) - the cost of setting up and maintaining your asset protection should be less than 2% of equity you are trying to protect.

ask him at what age does he want to retire, or is he the work til he drops type of guy.2. trying to pay for, rehab & manage/maintain properties as a husband & wife team is exponentially more difficult when you have little ones running around.

Situation:There is a home in my neighborhood that has been unoccupied for approx 7-8 years but has been maintained (landscaping, taxes paid, etc) minimally and so is not noticeably so.

My car insurance would pay but I have a $500 deductible which I really dont feel like paying because this wouldnt have happened if the property would be properly maintained. 

These data points are key in maintaining realistic and understandable valuation for the real estate market.

Most of my properties are well maintained and on the upper echelon of rentals in the area so that usually creates more competition and a sense of urgency so they can ‘ get it before the other guy does’.