You are correct about the assumptions for the lot I currently have. 

The advice you gave gotten from some of these heavy hitters is totally correct.  

Most are paying cash, so you’re absolutely correct that you need to have a good strategy going in as a buyer.

Yeah I get where your coming from, I think we would wave the $5 on our end to make it 12.99 for the tenants. 

This was corrected by a support person who refunded you the balance to your ispeedtolead acccount.

**Maximize Deductions**: Use QuickBooks to tag and categorize your expenses correctly.

When we buy a roof they see the expense in our income/expense data from Yardi and make the appropriate deduction to depreciate it over the correct time period for that filing year. 

This does not sound correct

You don't even need an LLC for a rental property, especially if there is a mortgage on it.Make sure you have the correct type of insurance as your number 1 priority.My partnerships have a separate tax return and it issues a K1 for my personal return.

Partners like that you bring up contracts to correctly form partnerships.