ONLINE PRIVATE LISTINGSIf homeowners are looking to sell without a real estate agent, they’re likely on social media.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

Can you bill back utilities to the residents?

A professional contractor is not going to work with you buying parts that don't fit online or at Home Depot.Who pays for delays?

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

We have worked on improving the physical appearance and infrastructure of the park, updating the homes, getting a new sign, advertising it online, and creating a website (www.shadyacreshuntington.com).

Should I be visiting, asking neighbors questions, getting a feel for the neighborhood and home (in person rather than just off of online research) before buying or making offers? 

You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.

In all reality it won't make you any money but it provides an amenity to your renters and will cover the expenses for the utilities it uses.

There's a lot of bad information available online and its not prudent to rely on most of what you read.