@David DavidWe have to make guesses because of the limited details you provided.If you have a Sch C business, say a general contractor business, and you use a space that you own as a warehouse for your business, then you deduct all expenses, such as local property taxes, utilities and depreciation of this property on the same Sch C.If you use half of it for your own GC business and rent the other half to someone else's business, then the rental income goes on Sch E.

In MA, can we include rent increases during the term of a lease in our contracts... say a 2% increase on the first day of each year following a lease being signed? 

Builder would build say a 3 bedroom house knowing the county would never come back to inspect. 

Needless to say, a judgement for unpaid rent is even worse than an eviction, in terms of ever renting anywhere else.

@Jim McWethyI am interested to hear what others have to say as well.

This enables you to be able to say, a recession is coming and the impact is XYZ and you can take next steps accordingly.Thx in advance for your insights!

I'd say as long as your not buying top of the line appliances and instead opt for gently used or discounted appliances they should pay for themselves pretty quickly... but nonetheless it is your choice. 

From my studies need 4 elements, Parties competent, able to contract, has to be for a legal purpose, consideration not necessary money( some say as little as a dollar for earnest money, don't know if that would hold up in court, and offer and acceptance. 

I would even say a step book to continuing on the investment journey as well. 

This is how they suggested we lay everything out so we will be protected in the event of legal action (My W2 job requires almost constant credit monitoring and can not have any legal issues---lets just say a government job).Also when looking at how everything is set up, take into consideration that everything listed above has been created since 2017 with the exception of the tax office and her being a cosmetologist.