yes I agree that's exactly whats happening when first posted it sound like they wanted a 8 inch service line... something you would see servicing a High rise.And yes I have dealt with this stuff for 35 years.. the biggee in some areas is making the 1500 gal a minute fire flow.. and or if they will allow sprinklers in the homes.In one 120 lot development we could not meet fire flow and they would not allow sprinklers I had to run a 12 inch main 2,000 feet and buy 3 easements at the tune of 100k.. but It serviced my sub.. and two others ... so we split it pro rata and the market was kind to us.. we flipped the plat once we had water.. and well we did good ...

If you don't specify, then gains and losses are divided up pro rata according to your percentage of ownership.  

If you owned it as a rental Before it was your primary, you only get a pro rata exemption.You Can retain it as a rental for Up to 3 years, and still receive the exemption, If you want to.

Therefore they get the benefit of all depreciation on a pro-rata basis.

So,If I understand the mechanics of a 1031 correctly, your basis in the property (due to the carry forward basis in the 1031) is Lower than $170k.You are Liable for depreciation recapture while it was a rental, whether or not you declared the depreciation.Assuming the above is true, you will have taxes due.You definitely pay income tax on any interest received.For the Principal you receive (including the down payment) it will be allocated into three pro data portions of:Return of basis/costs-no taxCap Gain- cap gain taxDepreciation Recapture- ordinary income tax at up to 25%@Ashish Acharya When later converting an investment property, acquired by a 1031, into a primary residence, then selling, give you a partial, Qualified Use pro rata calculation for the 121 exclusion like when you do the same thing with a non 1031 acquired property? 

It is understood that the deposits and pro-rata come to the new buyer, and the check is in the mail (supposedly), but it would have been nice to have it in hand after walking away from the closing table for peace of mind, and to fund some cap-ex (rent proceeds not deposits which shouldn't be touched), but it didn't go that way.

I don't recall asking for the extra $50 but often it doesn't come into play because I am prorating the last days because it is a long term tenant buying a house or moving out of state so maybe they have extended a little or leave a little early  and they pay pro-rata for those days.   

I've always just viewed my return the same as the LPs because I'd be investing as an LP and would receive the same pro-rata returns as they do.  

GP equity is usually included in the pref but its split pro-rata with the other investors.

Salut Philippe,2 possibilités:Prends ta facture de chauffage et divise la par le nombre d'unités (fait un pro rata par pieds carrés).