The plumbing bill is the tenants' to pay.

We are not finding the answers we seek on the exact best way to set up the accounting side of things, a couple gaps in the flow from adding inventory items on a Work Order to the billing phase, etc.

Your labor cost needs to be defined in your lease and can't be more than a reasonable contractor bill.

Most landlord reversion programs means you will start paying the bill.

It's better to pay two separate bills, even though it means having two separate accounts to manage.

Reach out to the local tax assessor to understand how a sale might impact your future property tax bills and reach out to an insurance broker to get an insurance indication. 

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

If you buy now and sell, you are hit with a tax bill.

You must pay the electric bill.

However, not to be a wise guy, but serious question...what if I wanted to borrow $25k from 5 different family members to buy an RV, or start a small business, or pay my bills?