"But when you purchase a property, your basis for deprecation is the cost of the property to YOU"sure. but the depreciation clock doesn't start when you purchase the property unless it's ready to be rented immediately and in the purchase year it'll be a fractional portion of 1/27.5th, so do to the calculation they'll need to know the in-service date.

Hot water is usually separated it is just the cold water that is often not.For a very large building a flat fee is the move because the back billing and tracking of who paid for what would be hectic, but for a small MF like a duplex it is very easy.I split the bill by the fractional amount of people who live in the unit.In other words, the amount of people that live in the unit divided by the total amount of people living in the builidng.So if there are 3 people upstairs and 2 people downstairs.the upstairs pays 3/5 of the bill, and downstairs pays 2/5.No need to separate anything, you know the tenants will cover 100% of the bill and this approach is fair. 

I’m thinking about moving to Florida and renting out my house in Poconos to cover a fraction of rent in Florida.

in states this is legal just do fractionalized loans .. and that should keep you clear of SEC regs. not all states allow them though.. 

Good old capitalism in the USA  - I'm considering starting a course charging a fraction of what they charge but I hate being on video.

Compared to the primary market in Nova Scotia (Halifax), land and property values are a fraction of the cost in Cape Breton, yet the demand is dire.

Some lenders may not be able to apply or only be able to apply a fraction of the gross rents (if any depending on the lender) to contribute to your Debt-To-Income-Ratio. 

Or local only investor who is well known in the community can get those from banks thats why you see this huge amount of HML PML entering the space since 2010 prior to 2010 there was a fraction of the amount of HML pML as there is today.

As a side note: The membership fee is a fraction of the usual down payment required by traditional lenders - but that, of course, is the alternative to our proposition. 

Just dont want to blow 20 to 40k ifyou dont have that money and its just a small fraction of your cash reserves.