your business will have it's own tax return depending on how you structure it and you'll get a partner return either profit or loss and that will pass through to you typically if you are an LP. if you are GP it's a little different. you also get the depreciation of the asset as a tax write off as well as interest expense typically. 

Hi BP Community!I am currently looking to buy my first property in the DFW area (Plano,Frisco,Allen) and am looking to connect/hear from others. It does not seem house hacking is possible in this market without rentin...

I am re-routing my efforts to a smaller project.   

All these folks are trying to do RE with no money and well thats again what sells .. 

My question is: should i do separate water meters now as something for the future or keep the water under one house meter?

Find local RE groups and join them all till you sort down to one or 2 local RE groups.   

They reached out the next day and wanted to write and offer with me as their buyer's agent.

And I'm actually concerned for their viability and ability to survive in the future.

this is so common among professional athletes .now you have the flip side of that of course.John Elway  Car bizzJoe Montana RE developerSteve Young same thing RE and other investments.

In the future, do a court records search at https://casesearch.courts.state.md.us/casesearch/If you had done that, you would have seen they have 8 failure to pay rent cases against them.