Quote from @Jonathan Chan: Hi All,I first joined biggerpockets back in 2020 when I decided to get into real estate.

I know some things are straightforward, like utilities that are metered, but for other costs especially labor and overhead (including those that work in the office), how do you decide what gets charged to which properties?

Another student rental that has a mortage of 900k me and my wife live here on a private floor. thrid property is also another rental ( duplex w a mortage of 390k ) was fully rented but tenant upstairs has moved out a year ago so I decided to renovated to do short term rental added in 2 ensuite rooms.

So, Jason, what did you decide to do, and what was the result.

Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?

Rather than renovating the single-family home, we decided to pursue new construction to unlock the property's full value potential.

For small MFH/SFH you have to find the deal, inspect, estimates and decide what to do, make a deal, get financing, get contractors, manage contractors, pay contractors, then turn it over to a property manager.

He had a few showings with no bites, so he decided to make a few strategic changes:1.

Then the inspector will provide a pass or a list of items that you need to repair.7. the inspector will decide what the rental rate will be for your unit. 

Mold for example could be in either category and if you denied a tenancy based on this and somebody decided it was a defect in the unit you could be in trouble.     4)  Another issue is if applicant has roommates they are NOT bringing along to your unit,   and those roommates caused whatever conditions in the existing unit.