All Forum Posts by: Ted J.

Nathan G., since the weather has warmed up, the water heater has a smaller temperature rise to lift. In winter it has more work to do.

Robert R., that is reassuring! Do you happen to know the BTU number of that water heater? I had  a heavy duty 80gal once. Really expensive and it lasted only 6 years. On one hand I am hoping this light duty is sufficient. On the other hand I came to realize I could actually get a smaller and much less expensive 1st stage booster water heater in series if it is not. Two of them are still much less expensive than one heavy duty commercial model.

I am buying a 12 unit studio complex in Santa Clara, California. The current water heater is 75 gallon light commercial recently replaced. I haven't heard any complaints about not enough hot water. Out of the 12, 10 units have singles, the other two have couples. There is no dish washers in the units. The common laundry room has one washer and two dryers. 

The WH first hour rating is 134Gallons per Hour, then 81 gallons per hour with 90F temp rise. The DOE web site calculation seems right on the margin:  https://www.energy.gov/energysaver/water-heating/s..., assuming 10 showers, 6 shaves, 3-4 food prep in the peak hour. Does that cut too close? Anyone with experience on this?

Thanks!

Yes, a check after the closing then 1099 later. I would prefer to deduct from the purchase price too. But not all listing agents want to cooperate, even though we make sure they receive the same amount .

I bought a rental property in 2015. Since I did all the research and brought the deal to my agent, she gave me a rebate and reported as Non-employee compensation in 1099. 

Should I report this income in Schedule C or E? I have a W-2 job and have always used schedule E for my rental income. This looks passive income as well so should be Schedule E. But if Schedule E is rental income only, then this is not.

Need some advice here.