Hi Bill,Thanks for the input! 

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.

You can open an account and they will bill you monthly too, so something similar to that in your area is what I recommend.  

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

Saves time and money and reduces the potential foe errors. 

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

However, as others have mentioned, it’s not common for tax professionals to review just one form, like the 8824, without seeing your entire tax situation.1031 exchanges can get complicated, and reviewing only part of the process might lead to errors or missed details.

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.