If the seller elects the installment sale method, and the property has been depreciated under MACRS for the 27.5 or 39 year life then the total unrecaptured 1250 depreciation is allocated as principal payments are collected.

However since you're already going to pay tax on the $25K allocated to the primary side you just as well take that. 

The JV Agreement will outline everyone's rules, rewards, risks, allocations, contingencies, rules for Buy Outs, etc as related to the specific asset transaction.As always, consult your Local Attorney and please DO NOT use a Template JV Agreement.The Banker will use the LLC's cash (which the JV would fund) and then typically requires those holding more than 50% to guarantee the loan.

Before starting a project, it is helpful to understand all of the different things that need to get done, and make sure you are planning from them correctly as far as budgeting, scheduling and manpower allocation.

. - https://news.ucmerced.edu/news/2022/state-budget-allocates-o... 

When people giving you advise from NJ/PA, they are still taken lesser risk financially than you are. 2) 2 adults plus 4 children - consider allocating at least $100 more per month for water.

However, if you are also going to flip houses, then you should look into running that income through an S-Corp via another entity.Recommendation: Being your size right now and in order to prepare yourself for growth, I'd try to have the following things in place:- An LLC with a separate bank account- A system where you document all receipts for your expenses, including mileage- A simple spreadsheet or basic accounting system that helps you allocate expenses and income by property- A process where you reconcile your bank statement at least quarterly to make sure you aren't missing any expensesThere may be something I'm missing because I don't know your whole situation, so please talk to your accountant or attorney before you act on any of the things I said above!

You can likely increase that using true RUBS on your actual bill.I would not charge each unit an equal share unless they are all the same type (1br,2br,etc) if using flat rate RUBS, and if you are dynamically allocating RUBS it should be indexed to style and occupancy.

How do you allocate late fees? 

And then, there should be regular "oversight" of your assets/portfolio to ensure you should remain in your chosen assets and not "re-allocate".