Then you deduct any expenses for damages from that.

We should also warn potential investors as those in the golf field are probably not going to know all of the damage they have done in real estate.

(Lead, asbestos, termites, water damage, not in code, etc etc. .)You don’t want to get the house torn apart and in an unreliable condition only to run out of money to put it back together. 

This gives us peace of mind and flexibility when the unexpected (but inevitable) happens.Whether it’s a slab leak, HVAC failure, roof damage, or a tenant issue — you don’t want to be scrambling for cash when time is of the essence.So Let Me Ask You:👉 How much do you keep in reserves per unit?

What happens if there is damage to your property and there is no security?

Please do share your painter contact, coz I too feel that $11,000 is ridiculous.in terms of roofer, it’s too late, work is starting today lol, but that went through insurance due to hurricane related damage.  

If something goes wrong, it could damage the property or injure someone—and you’ll be the one getting the call (and possibly the bill).Maintenance – Tenants rarely clean or care for them properly.

Then a few years later they are frantically trying to sell because they can't afford turnover costs when they get tenants that constantly trash the place and of course can't pay for the damages.  

Local folks that had a fire, water or tree damage and have to stay at a furnished place in the area for a couple weeks or months.

While it’s easy to get caught up in finding deals, these foundational elements are key to building a sustainable and successful investment business.A smart tax strategy allows you to maximize deductions, choose optimal structures, and ultimately keep more of your income.