That means there will be a separate budget bill later this year that will go through reconciliation.

Gross revenue estimated at 75k a yearCONSsusceptible to moratoriums, rent loss, tenant damage, etc. need to build out separate areas and separate meters - adding about 30% to rehab budgettenants can be a huge liabilityPROsMuch more hands off than a B & B businessImmediate cash flow right at rehab completionTried and tested biz model, high demand area - units will rent the first dayIf you've made it this far in the reading, I greatly appreciate any input, ideas, perspectives are so appreciated! 

When you rent to three students, you can still charge more by the room rates since they are all separate.

Yep - try to separate personal assistance (which might be necessary) with business decisions (which has a cold, calculated bottom line).

As a means to do this by separating my career from my business, after graduating I began to listen to the BP podcast, among others, and read any book about real estate investing and finance I could get my hands on.

It’s a 3 family, with 3 separate units and a large lot of land compared to all the other water front cabins with quarter acres.

Hi BP,I am just realizing the importance of keeping business and personal accounts separate.

@Jessie Xu  Yes, definitely open a separate checking account and use a separate credit card. 

Has anyone gone through separating gas an electric in a small multi-family in Erie or Niagara county?  

The duplex also has separate buildings with separate yards but each building is on the same lot.Do you have any advice on which type of homeowners insurance policy you recommend?