There can be a situation when investing in a partnership where you are allocated taxable income from the partnership where there was no distribution from the partnership.I.E.

Track record is everything.As far as allocations...invest in what you know best.

The one you mentioned is a great example of what we are going for and extremely similar in the distances and ratios (ours will have smaller units, which would typically be allocated no or a tiny yard anyhow).

Why allocate $320 for 6 months when you could simply allocate $65k and let the bank do the rest?

If not you could have normal usage just more tenants using volume each month.After that HOW is the water allocated?

@Tiffany Shan Mint - Doesn't 'poke' you to allocate your expenses and sometimes it's automatic allocation isn't right, so you have to audit it often.  

However, I believe you'll find that FHA-approved Lenders will NOT allow any rent proceeds out of your current primary to be allocated towards your Income, UNLESS you're moving at least 100 miles away! 

. § § 705/0.01 to 742/30 is all of the Illinois statue/law on landlord tenant that I am aware of, and none of that law addresses this.If your lawyer said you couldn't recover those fees in your one special case, perhaps it was because your lease wasn't written specifying how money paid would be allocated, or perhaps your lawyer knew that the judge you were going to be in front of would just throw out any claims for money owed for anything other than rent, but based on that one case you experienced, I wouldn't deduct that in Illinois it's not possible to recover those fees.

How have you allocated your assets/cashflow for your lifestyle now that you are set?

A new home warranty expires after a year or two - how much are you allocating for repairs after that?