Your write offs are also not effected, so you can write off miles also as an individual owner.

I joined BiggerPockets to connect with like-minded individuals, learn from experienced members, and contribute to discussions where I can add value.

SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!

Each unit is individually metered for power and water. 

Like most things in real estate, a lot depends on the circumstances of the individuals involved and not just the numbers and figures.I hope this helps explain my thoughts, and I apologize for the lack of clarity when I defined "arbitrage".

I’m eager to connect with individuals who are experienced in real estate investing so I can grow and develop on this new path.

Just another thought, they do have submeters that can monitor the individual spots and you could charge back the total cost to the tenant if they are assigned spots. 

Quote from @Marie Paul: Quote from @Adam Michael Andrews: Working is how society accesses our individual talents and abilities.

It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it . 

Can an LLC and individual owners be listed under a Land Trust?