I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

Use this excess proceeds to fund your rehab expense.

You don't want to niggle over every last detail with excessive back and forth negotiating.

You don't want to niggle over every last detail with excessive back and forth negotiating.

My coworker has done excessive research on this and had the network established (local agent, appraisal, property manager).

I feel like this is fair bc it is when their lease ends, and I'm not responsible for giving them any extra time while they were trying to sort things out with their roommates to sign a new lease with me.Honestly, at this point, I'd rather have them out of my property as they've been difficult to deal with during this process and other items have popped up in the past (e.g. they've clogged our kitchen sink by pouring excessive oil down the drain, broke the garage door within a year of their first lease, etc.)My questions are:-What happens if only 2 of the tenants vacate when the lease ends and stay for an extra week?

This was a fantastic episode , its has one of the best examples and explanations of rendering your pain to fuel your ambitions @Brandon Turnerundefined@David Greeneundefined

That's excessive.

The window companies are going to murder you on prices by arguing that fixing the windows will save you immense money in fuel costs and that if you do the windows with no insurance, you run incredible risks.

That being said, if you are transferring into an existing LLC, $1500 sounds excessive.