@Gary Kane,Depreciation is a deduction used to offset taxable income.

Hi Gary, if the pump failed on it's own I would pay the increased energy bill.I don't know where Your from but in Wisconsin the electric/gas bills have a "Degree Days" number on the back of the bill, this number would make it easy to figure the actual increase in fuel used for the month in question this year, and the same month last year, when the pump was working.

I highly recommend reading The Millionaire Real Estate Agent by Gary Keller.

I would run away from Gary since you don't live close.

A great book I've been reading is "Millionaire real estate investor" by Gary Keller.

One issue Gary is your seller will have imputed taxes on zero interest, I see it's not much but the headache would tick me off, why not pay 3% and discount the price to compensate and avoid the issue for ten years?

However, @Gary McGowan has some experience in that area and may be able to shed some further light.

Hi Gary WestGreat goal!

Hey Gary Parker, thanks for the shout out.Rachel Syphers, check out this list.

Gary, It really depends on what comparable used properties are selling for in your area.