Basis is what you paid for capex.

@Moustafa SaidWelcome to BP!

We have had it as a rental for 5 years now and have had only 15 days of vacancy. 

SEC will help only much later and only to try and seek jail or financial remedies.You're trying to save the property today?

At the end of the day, both of these respective vendors/individuals are paid when the deal closes. 

Quote from @Joel Oh: Your business must make money day 1.It is so much more difficult to fix the model that is not making money than starting a new business that makes money day 1. 

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Our exchange didn't work out and they returned the proceeds via wire as soon as our 180 days were up.

You need to give someone the incentive to switch.

I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.