If I don't separate this active business from the rentals, they can go into who I hire for my rental business, what are the locations etc.

Also the security deposits should have transferred separately but the rents for the last part of the month may have just been included in the sellers statement and come off the money you had to bring to closing.

Or do I need to be paid separately since I will not be using my Real Estate License for the transaction? 

@Alfredo Cardenas Passive losses from rental properties are generally pooled together, not separated by property.

It has separately metered electric service. 

The land was a separate all cash purchase.On top of that- I call GC and email every week.

Hello All, i came across this  college town property - it is a value add opportunity. 14 Unit Complex - 12  2bed/1bath   &  2  1bed/1bath         * Separate electric and water meters.

If you were to parcel out one of the rooms as a legit ADU, then you could possibly lease the whole house and lease the ADU separately and count rental income from both (75% of gross rent for the house, 50% of gross rent for the ADU).

Hey @Tony Hoffer I am helping my brother who is currently in escrow on a multi-family in Edgewater, which is 2-family on record, yet there are clearly 3 habitable, separate units in the building.

My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below)  1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance)  1/2 general house maintenance (depending on the issue and if it's related to the ADU)  1/2 Depreciation (Home value, not land divided by 27.5)  KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income?