So, they should be accounted for separately.

Will the city and insurance company hold me accountable and give me penalties even if it's living in the basement myself? 

Finally, accountability is key, as we take ownership of our actions and results both individually and as a team, creating a foundation for trust, growth, and long-term success.

And if you account for vacancy you may be losing more like 20k/year.

- then get with an accountant and discuss whether it makes sense to convert your LLC to an S-corp.

You've now become a mediator between them.I assume you prefer not to have the utilities and water accounts under your name.

Be aware of who you interview as your accountant.

Cherry South Bend INCurrent Property Status: This asset is sub-performing, which means the borrower is due for July, and foreclosure is to be referred next month if the account is not brought current.Syndication: Scottsdale REI - III - XXVIProperty Address: 172 Carlson St, Westbrook MECurrent Property Status: The borrower is currently in foreclosure, and the Fair Debt Collection Practices Act (FDCPA) letters have recently been sent to the borrower.Syndication: Scottsdale REI - III - XXVIProperty Address: 13959 465th Ave, Wilmot SDCurrent Property Status: Scottsdale was required to issue Service by Publication.

Your prior question was shold I use my W2 income to pay down (aka you mean what you have saved in your checking account?).

I would discuss this with your accountant.