Oh and for audit purposes most auditors will accept 50-80% of your cell bill as an expense unless you can justify on a bill by bill basis that your percentage of business use is higher.

This will important if your records ever get audited by the SEC.

I can imagine a plumbing audit and some updating to low-flow may improve these numbers but market demand supports the tenant paying some portion if not all of their portion of the water bill going forward.

There are some very good schools there.While I'm guessing these are audited courses without credit hours, students receive a certificate of completion.Too bad, I searched RE and nothing popped up.

Check out the audit section.

Audit trails are set to discover such activities.The other issue is folks getting "gift funds" mixed up with a "gift", nothing wrong with a gift given to you and explained as opposed a gift to buy a property, strings are attached, the gift is for this use.

Then, Intuit increased the price to $125 per year and then Intuit stopped selling the tables and forced everyone to switch to Quickbooks.I had no problem with trying to switch to Quickbooks and I purchased the full version three times for about $500 each time and literally threw the software in the trash because it asked too many questions during the setup, was cumbersome and difficult to use, was so complicated it left room for making too many errors, had too many whistles and bells to deal with and there three things that make me hate Quickbooks with a passion and they are:1) it is web based and super slow when changing screens, 2) the software has so many screens to enter information on it is difficult to know whether or not information you enter goes to where it was supposed to go e.g. you may accidentally type in a wrong number, or you may enter data as a debint when it should be a credit and3) Intuit is greedy and found that they could charge $109 per month for the software and the tax tables and that comes out to $1308.00 every year, or $13,080 every 10 years compared to the $99 or $990 every 10 years I was paying for Quicken that was simple to setup and use, but it still had some file storage problems that were fairly frustrating to deal with.I had a major IRS audit about 10 years ago and it was the first major audit I dealt with for several real estate properties in California, Idaho, Las Vegas and Colorado.

Have you looked into a Loan Audit?

I've been audited by the IRS several times.

That could helpful just to do your taxes and have records for an audit...sounds like the details for documenting could be better....Liability wise and for employee taxation issues, you can find some rules both the irs uses (search employee versus independent contractor on the IRS site) and your states outline of the distinction related to liability will probably be similar but may also focus on factors like whether you are controlling the means or just the ends (telling them the outcome is okay but not the exact means)...are you a client/customer or supervisor here?