Usually the seller completes these before closing, but for the "as-is" sales or foreclosures, they tend to put that responsibility on the buyer.

After the initial inspection we sent a response to the inspection asking for $21,500 in seller credits to cover the roof and furnace (both needed replaced). 

According to several websites, and an AI summary, $100 per month is average for a 900ft apartment this time of year.Switching to electric would make the tenants responsible for the bill, but you would eat the cost of installation and it may drive your rents down because electricity costs are probably much higher than the gas you currently pay.I recommend you do more research before switching anything up.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

You can look at an elevation map or ask for a previous survey on a property prior to purchase. 

That being said, I asked an attorney who I’m an acquaintance of about this very thing, just for my own curiosity, and his response was get the LLC in whatever state the property is in.

I have found them to be very responsive to my questions. 

Thank you very much for the response, I really appreciate it.

See responses to your questions below: Correct, California is uniqueTo qualify for REPS you need to meet a number of criteria, including (but STRs that meet IRS criteria generally don't need REPS to leverage tax benefits): More than 50 percent of his/her time working in real property businesses; AND, More than 750 hours of service during the year.

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