Hopefully, the water company will give a goodwill waiver. 

I usually will offer it up front if the house is ready just to get the bills in their name and show a sign of good will. 

There is a class feature in QuickBooks that will keep track of everything for you and give you your bottom line per property and per LLC.Click on Class (Make sure you turn on the Class Feature in QuickBooks Preference Section Accounting Section) and...type in your Name as a header.Example :     David Miracle  (Header)                               1234 Angel Drive (listed  as a sub-class of David Miracle)                               5678 Goodwill Circle  (Listed as a sub-class of David Miracle)  You would do the same thing with all the LLC's.                         

Dawn:Will You Send Me The Numbers For This Property. if The Numbers Look Good Will Get Back To You.

At least some good will come out of this.

Additionally, depreciation is recognized against the adjusted cost basis for the property, not the market value.If you're not going to bother w/ GAAP, I'd still book the assets @ cost, but then add a line item to assets like goodwill or unrecognized appreciation.

I buy stuff at garage sales and goodwill all the time for this purpose...I will respray alot of things bronze or nickel and reuse at my rentals.

Any electricity you send onto the grid after that point, is goodwill on your part.  

You are showing goodwill by getting inspectors out there when I'm willing to be there is no real problem.

But if it's the norm in your area then the only reason not to charge it is good will and common sense.Frankly, this is no different than monthly pet rent; 10 years ago when I was renting it was just becoming popular to charge pet rent, and people were willing to look around for places that didn't charge the fee.