Adding up insurance, utilities, taxes, etc increases their expenses.  

Yes, I know this does not include utilities or HOA or anything else. .And yes, if you guess, I'm a software engineer at a tech company, so I love algorithms to calculate things. :) Thanks.- Nick

Definitely a great place to be in and good on you for starting to think creatively on how to utilize that equity! 

Nature and provider of the utilities (city water or well, city sewer or septic, other utility sources and whether or not they are direct billed to the tenant or not)Age of the parkUnderground infrastructure age and condition (have there been any repairs?)

I’d like to take rural larger acreages split them into multiple 1-2.5 acre parcels bring in utilities or have them off grid depending on the area.

Because of the restrictions for cars, you may be better off from a tax timing perspective if you replace your business car with a heavy sport utility vehicle (SUV) instead of another car.

They have 4 kids, have never paid a day in 24months, pay their utilities on time, house is always spotless and the outside is always picked up.

However, I would like to set up an LLC so that I can start a business bank account to separate all revenue (monthly rent) and expenses (renovations, utilities, etc) from personal expenses. 

That's everything -- utilities, cable/internet, Airbnb fees, lodger's tax, etc.----------$4,575 -- cash flowOne caveatOne big caveat to that cash flow is that his first four months were some of the hottest months for Airbnb in Denver and Colorado in general.

If rent is 100% covered by Sec. 8 this could be for a deposit, utilities, late fee of some sort.