Both of these will be allocated depending on your personal/business usage percentages.One thing no one has mentioned is something called the Lease Inclusion amount.

However, when you sell the property, your sale profit due to appreciation will be allocated between your rental/investment use and your primary residence use.

Jon is right, but If you can get the seller to agree, I would get with the closing attorney and see if the seller still can allocate some of their proceeds to you for repairs that was done by your company.

Further, you have have other reasons, mostly speculative, for buying a property.Like Mike, I read "payment" as just the P&I, and not the full PITI payment.I think that maintenance allocation is very low.

With multiple members, you'll have to have the LLC file a partnership return to allocates profits or losses to the members.

There are some large asphalt holes which need to be filled.Here are the expenses per year:2400 - Insurance7000 - Taxes600 - House Electricity ($50 / month, high estimate, only 5 lights run off this meter)500 - Snow removal (not a huge parking lot)5200 - Property Management - the current PM charges $100 per week6642 - Maintenance - I allocated 10%, but that seems very high considering everything has been rehabbed1000 - Dumpster8500 - Water/Sewer9963 - VacancyI know the rents are low for the area.

Allocating 50% may be too optimistic for an HOA situation.

I dont believe that buying one small property and running it as a side line is smart allocation of your time and resources.

Even if you allocate 10% of rent for maintenance and expenses together (you WILL have both maintenance and vacancies, guaranteed) that's another $85 and you're now at $466.

Be aware that some of what you save on the listing side you must allocate to use in marketing the property yourself to be succesful.