We are going to apply for a small business loan to open the LLC and for any additional start-up costs. 

We plan to start with a small project that needs estimated repairs of no more than $10k -$20k.

Most small brokers don't have a seat cost because you are operating from your space and on your dime and any benefit they see from your efforts will be a positive because it advances their company through marketing, commissions etc. 

I'm currently looking for my first duplex/triplex and it seems most small multifamilies in Milwaukee were built in the early 1900's or 1950's as well.

It used to be a small town that was separated by farmland.  

There are a few new neighborhood developments in my area in good locations close to schools and larger well established neighborhoods. One development that just started are pretty much starter homes built by centex an...

The expense will then become part of the basis of that property.That's the technical answer.Realistically, if we're talking about a small amount for Lost Earnest Money or inspection, many people either roll that into the basis of whatever property they buy next, or expense it as I've outlined above.

So I have tons of questions about how depreciation is actually calculated, but I will start small...

@Aaron PetersonI moved your thread to the landlords forum.Snow removal ... it will be here before you know it ... .I've already put our RFQ as we were not happy with our service in one city last winter.In our experience, when it comes to landscaping/lawncare and snow removal, anytime you cannot define where one tenant's domain ends and another begins, the obligation falls to the landlord.If you have a side-by-side duplex or a row of townhouses where each tenant has their own drive and patch of green, you can hand-off snow removal and lawn care to the tenant ... though you are just as often better served to take care of it yourself and bake it into the rent.Anytime you have stacked units or a block (such as a small purposely built quadruplex), the parking and green space are common areas (just like stairwells in the interior) and fall to the landlord.

I got 2 small perrsonal checks from him at closing on a couple small items which gave me a bank account to go to the sheriff's office along with my writ of execution and they seized the money from his account as I timed it for a couple days after he collected his rent on a llc and moved it into his personal account.