This is the gray area where handymen live.

It would not be uncommon for building-related pass-through expenses to be on a building by building bases (so excluding the building in disrepair), but for property-wide expenses to include all leasable (if the second building is not leasable, this is gray, so agree with tenant as you see fit). 

Quote from @Spencer Gray: @Will Barnard I do not believe most syndicators request, require, or review investors personal financial information if they are investing as an LP.

Over the 5 years of living there I did a few updates including: painting all of the walls a more modern gray (previously had 3 different colors), replaced a black toilet and floor in the half bath, and revamped the backyard to remove landscaping rocks and add grass.I also had roommates most of the time I lived there so that was nice to have someone help split the bills - I gave them below market rent so it was a win-win.

@Zachary Gray I’ll be there!

A new roof and a new furnace seem like the only examples I can remember being mentioned as having to be depreciated) is that you get some gray areas of interpretation.

Hi @Richard Gray, alot of the vacation rentals found on the gulf coast by you are usually condos and more expensive single family homes.

I feel like it’s in a gray area but honestly I’m mad and I don’t want people profiting off of screwing us over.  

Real estate is full of sliding scale, gray areas and this is one of them.

@Gray Dyer as mentioned above this is completely possible.