The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Can you bill back utilities to the residents?

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

1) The $1832 S8 rent probably includes all utilities.

My 401k is not the only funds I have, rather I want to utilize that money to invest while I am young.

Utilize Excel spreadsheets and attend local networking events for valuable insights.

You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.

I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.

Util they in the last 2 weeks got us figured out and helped I had varying degrees of being blocked.I'm using creativereireply.com a new super set of reireply.com.   

The best one is the one that utilizes your strengths to maximize returns.