Guarantor agrees to be jointly and severally liable with Tenant for Tenant’s obligations arising out of the above referenced Lease Agreement, including but not limited to unpaid rent, property damage and cleaning and repair costs that exceed Tenant’s security deposit.

I’d recommend adding a larger contingency for unexpected repairs, especially since it's been boarded up.

There may be other softwares out there where the tenant can put in a repair request.

A 100-year-old home with structural concerns could mean costly repairs, so get a thorough inspection, especially for foundation and floor issues.

I would not recommend stopping your withholding unless you are super, super, super, super, super responsible with money and have a large stack of cash just sitting around.Now that you own a duplex, unexpected repairs and expenses will come up—it’s just part of being a landlord.

If I could purchase a property 50/50 with my IRA, it would be a lot easier to finance and would I be able to manage and do repairs myself through my 50% ownership?

That can mean higher turnover, more repairs, and more headaches.

We have also actually fired two homeowner clients because of their lack of willingness to repair items that we felt were unsafe.If you are going to self-manage, then self-manage, including periodic comprehensive safety inspections, and making necessary repairs.

That’s not a good investment either.What’s the point of chasing $500/month in cash flow if it eats up hours of your day, forces you to chase tenants for rent, deal with constant repairs, and fully rehab the property after every turnover?

Here are a lot of numbers :)Price 175kgross rent - $1,700. 850 for ea. unitproperty tax- $2576 annuallyinsurance- $1200 annuallylease for both tenants are in place until late 2026potentially, no repairs needed.tenants pay all utilitiesvacancy rate - 1%management fee- $170 monthlytotal monthly expenses $1391 (Mortgage-900, taxes-214, insurance-100, variable expenses-178) total monthly income $1700  If you are allocating for sustained expenses, you should allocate for maintenance and cap ex even if it is a new build.