We are rehabbing an 11-unit and will be sub-metering electric and water. 1.

The furnace and water heater are also located down there. 

Staying the course feels like the right thing despite how hard it is.I hope this'll table any talk about turning the SocSec trust fund over to WS. 

People don’t have time for handouts in this crazy world but if you can bring something to the offering table all sorts of knowledgeable people are willing to give hand ups. 

It's a good way to dip your toes in the water where the property is far enough away so that you need to rely on other people for most things but close enough that you could step in and do it yourself if it became necessary. 

Landlord pays heat, water, electrical.Technically, it will cash flow 800-1K if fully occupied. 

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-70% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off. 

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-75% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off.

If the furnace and water heater is gas I would stay with the gas range.

If the tenant is basically (judgment proof) such as credit is bad, they get paid money under the table as cash,etc. then it can be a waste of time to take them to court to get a judgment.No legal advice given.