I've had 2 year old units develop a leak where I had to replace the line set and the refrigerant. 

A refrigerator replacement will cost you $600 whether you are collecting $300/mo or $3,000/mo.  

Typically, at today's prices, to keep a house in good condition long term, you probably need to reserve about $400-500 per month for things like roof, HVAC, water heaters, new flooring every 10-15 years, new kitchens and baths every 10-15 yrs, etc.And remember, if you are looking at "high cash flow" areas (also known as lower end areas) with lower end rents, a refrigerator that goes out does not care whether you are getting $500/mo in rent or $5,000/mo, so using a percentage of rent, as commonly practiced, is not a good strategy.  

We had to replace our refrigerator in our rental, due to the old one breaking.

Washer/Dryer/Stove/Refrigerator - AssetNew Baseboards/trim - Asset?

I had limiting beliefs because this rate of achievement was inconceivable to me all my life due to the wrong mindset .it really is true With Gods help nothing is outside our reach My background is similar my dad struggled and at a low point we lived in an apartment.. and delivered phone books door to door and bought and refurbished refrigerators in our back yard and garage..

Hi BPers,I saw an accountant state that [b] rental property maintenance expenses for plumbing repairs and painting may have to capitalized and depreciated over x years instead of a straight expense[/b] in the year it is done.I know that putting in carpet should be depreciated.So, if you buy a new stove, dishwasher, refrigerator, heater, a/c then these should be depreciated too ?

Why would you give them free rent with they still have full access and use to the stove, refrigerator, walls, closets, flooring, roof, garage, lawn, etc.?

I don't want to deal with property managers, let alone tenants who will get on my nerves by failing to pay rent or demanding a new stove, refrigerator, window, HVAC and etc., and breaking the drywall and kitchen cabinets with sledgehammer if I evict them for non-payment of the rent.

In two of my units I provide a Range, Dishwasher, Refrigerator, and over range microwave.