I don't want to say that it's "useless" for deriving value but I will say that it's useless for me.  

The two entities could joint venture and take fractional ownership of a property as tenants-in-common.If leverage such as a mortgage were to be used, then the IRA would have a small tax burden on the portion of the income it receives that is derived from the borrowed money.  

Broadly conceived, income from all sources derived is taxable unless the income is otherwise demonstrated to not be subject to tax.

I always put in my clients' operating agreements that the members may engage in other business ventures of any nature, including the ownership of another business, whether or not similar to that operated by the company, and the company shall not have any right or interest in any such independent ventures or to the income and profits derived therefrom.

There's next to nada, anew... aside from the latest 'regs' to stem the tide of the 'sheeple,' awakening... or upsetting their apple carts, like bulls in their China closets... or derivatives, default swaps and crypto currencies.

Have a conversation with them first and get an idea of where the cost is/was derived.

Is the difference sufficient enough deriving from the Maximum allowable offer for the end buyer?

I just bought me first property and I'm hoping over time she sees the benefits we derive from it and starts investing at a much younger age than I did.

I'm also not seeing how utilities are factored into expenses, if some portion of the expenses were derived from *actuals*, etc.

No savvy owner is going to have a dialogue about value being derived from an assessed value.