Enter charges to the tenant's ledger.

The higher the cap rate, the more risk involved in the building. 

Find a great real estate attorney to help you with:1) Putting a lien on the property, with your aunt's consent, to cover any work you do.- Ask the attorney if your aunt & dad need to authorize lien, or just aunt.2) Understanding your options to force payoff of the lien.- Ask attorney how you can enforce collecting on the lien when you need to.3) Getting full control of the property, while allowing your aunt to keep her ownership.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

When you file your taxes at the end of the year the accountant is going to ask you for your receipts or what and how much you want to write off using deductions.

It’s just the nature of the beast.

Also what does the city say is the assessed value of the property on your taxes (it will be different than the appraised value, but should give you an idea).

Don't miss the forest for the trees here.

You don't know for sure exactly what their occupancy rates are but you can certainly get a feel for it by seeing what future dates are open.

The thing about condos is the HOA will go up and your mortgage stays the same so you will end up losing by the end of the mortgage. 

Yes BP is the right place.