This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?

What do you think is a reasonable split to consider in this scenario? 

Happy to help run through any scenarios if you need!

Unfortunately it's a common problem.

Wouldnt surprise me if some of the large multinational banks have programs for this kind of scenario.

You have to split the common expenses in 2 - mortgage, taxes, insurance, landscaping, etc.

I think your off-base on your reno budget working with best case scenario and/or limited knowledge.

A 3/2 is going to be less commonly desired by health professionals and you could look into insurance placement companies.  

For criminal background checks, services like TransUnion SmartMove, RentPrep, or MyRental are commonly used and provide comprehensive reports that include criminal history, credit checks, and eviction history.To verify how much they make, you can request recent pay stubs, bank statements, or tax returns if the tenant is self-employed.

However, when it came to modeling different financial scenarios, spreadsheets were my goto.