Regardless if you allocate for maintenance/cap expense or not, the expense still comes.  

Hi folks,I'm close to getting my first MHP under contract and am trying to understand whether my project will have some of the tax advantages that park owners enjoy due to the 15  yr depreciation schedule on certain infrastructure assets.Here's the issue; I'm buying the park for the current assessed land tax value and because it's a TOH only park with no buildings, the tax assessment doesn't reflect any land improvements (that would otherwise provide a starting point for determining a reasonable allocation between what's depreciable and what isn't (ie., the land). 

I use QuickBooks to track things, and all expenses related to the house is booked, and for those used for the owner and tenant, it's allocated 50/50.

Her goal is to make sure all of her assets are somehow allocated to me and other family members before she moves into her senior home.

@Michael Zau Always curious how people allocate for maintenance, repairs, capex on a house like this.

CF margin and then some 9.99 times out of 10 I’m guessing, as the few thousand bucks a year they’re allocating for maintenance/repairs/capex is simply not enough to keep up a property, in fact the gross rent number isn’t even enough.

Investing (markets/capitalism in general) is a natural process and the most efficient way to manage the supply and demand curve and the allocation of resources.

You can allocate the work load and returns any way you desire.

I’ve never heard of a property tax being paid after the period it was allocated to.

Hi BP communityI've been using a phased approach to start my real estate goal and looking for your input, please.The first step was to move out of state that had very steep property taxes, moving out allows us to allocate more dollars to purchase our first home.