@Nathan Gesner @Alecia Loveless @Bill B.

It will likely still continue being a difficulty.You mentioned bills, are they credit card bills?

Quote from @Bill B.: Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

Let's assume that rent by the room yields $1000 per room all bills paid for the tenants.  

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

The only thing that sounds out of the ordinary here is the water bill

Quote from @Bill B.: Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.

And the really messed up ones, they don't even give a landlord an option, per fine print in contract, they just go out and do whatever and send a bill after the fact. 

In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

They have failed to renew my entities with the Secretaries of State multiple times, have billed me wrong amounts, and GREATEST OF ALL, have cost my business ~$50K in cumulative TAX PENALTIES due to negligence in filing for a tax extension, failing to walk me through my tax filings and needed payments, and failing to file an abatement promptly.