Furthermore, you should be getting a cut of the proceeds of the sale (again, GPs will take 10-50% depending on deal structure), so even though cash flow is disappointing, you should make something on the sale, if the GPs manage to get a good sale price.The GP collects cash flow in the form of a quarterly administration fee (or asset management).

 $100x36 months is $3,600, and the roof estimate is $7,000, as an example.But assuming you have a healthy capex reserve ready to spend whenever needed, the other part is simply knowing all your monthly/quarterly/annual expenses (utilities, taxes, insurance, turnover costs) and holding back more to cover the vacant units, when your actual cashflow is reduced.

We also have a quarterly preventative maintenance schedule which includes air filters, batteries, lightbulbs, water filters, kitchenware & supplies, cleaning detail, and curb appeal.10) All they have to do is pay the cleaning and maintenance bills.

Otherwise as I understand it you should be filing quarterly estimates and payments.

As a Real Estate Professional in the Tampa - Sarasota market area I can attest to the hundreds of pro-formas that I put out quarterly. 

It's another to maneuver a 6+-horse slant, or even a 3-horse LQ (living quarters trailer).As far as a general show rental, your renters are going to want to be as close to the showgrounds as possible (it's not uncommon to need to be at the barn at 4am to start getting ready if your first class of the day is really early).

But I would sure cover your butt by putting it in the lease very clearly that that space is NOT to be used as sleeping quarters due to lack of egress.

But, it hit a bit of a snag with lower occupancy last quarter.

Someone told me that it had to be paid within the same quarter that you sold the house does this sound accurate.

I would expect vacancy rates to remain elevated for several quarters, which will keep pressure on rents and possibly lead to concessions by apartment owner/operators.