Unlike a laundromat, they can use recycled water and are therefore very difficult to audit.

Send an email to [email protected] with your name, your real estate experience, your favorite book name, and the url for the Member Blog post.Yes, this is an audition.

I audited many different types of companies, banks, hospitals, a restaurant group, a timber management organization, manufacturers, etc.

The audit results are only sent to the tenant (Since tenant pays utilities) My question is this: After the audit, can the tenant hold that audit results against me to leverage new window installation, or somethiing major?

It can be very taxing to find out in an audit that you have expenses that are disallowed.

Not the answer you wanted, but something to consider now that you own commercial real estate and are in the IRS targeting zone for auditing. 

They do occasionally audit their accts, from what I hear.

Go through a typical annual audit and you will very quickly see how easy it is to get hit with a big bill when subs fail to maintain their insurance throughout the year. 

Basically, even if you and the seller specifically agree to a 0% loan, the IRS (under audit if not found out sooner) will come back and decrease the selling price and add in imputed interest, requiring the seller to report interest income at his/her ordinary rate vs capital gains.

If you change occupancy you can count on the lender knowing and having it trigger an audit - for sure within the first 90 days and very likely within the first year.