As a flipper, you are trying to control your costs to maximize your return on each deal.

This means you have an LLC for a single business activity, which is filed correctly, has an Operating Agreement with clear and precise terms, you set up a separate bank account for that LLC and its related business activity, you do not use that bank account in any way for personal activity, and while it varies per state as being a requirement, you always want to make sure you have periodic filings and to take it even further, hold a "meeting" once a year...even if you're the sole member and there's not much changes that took place for the year. 

It is spring, and the tenants also mentioned the sump pump is also running some which is out of my control and should by considered in some of their living cost being that they are living on an acreage!

-he pays $550 of the $930 mortgage, and half of the utilities, which are not split, and are in my name. am I overreacting, or do I need to do some damage control on the tax front?

The thing that scares me about condos is the lack of control over the HOA fees.

Precisely the mindset needed to thrive with virtual assistants.I primarily work with virtual assistants in the Philippines. 

Talk to you county tax office they should be able to tell you exactly how it works for your state.Also you can create self directed IRA'S with checkbook control or a self directed Solo401k. 

Control more cash in MM or CD's so we don't take the full inflation bite, holding cash. 

But like all investing, don't put all your eggs in one basket that you can't control.  

I could see an argument for Austin booming if Biden wins as people continue to flee Democrat controlled cities.