Schedule E or C usually).If you are setting up a multi-member LLC with investors or other partners, then you should probably consult an attorney who really knows what should go into a good operating agreement for a multi-member LLC.  

They are operating illegally at that point.  

Here's an example of how I'm thinking it should be done:If assumed vacancy is 5% on average at stable operating conditions and expenses are $20,000 per year, then tenant reimbursements should be $20,000 x 95% = $19,000 per year.I haven't seen any example DCF's do it that way though.

I would own and operate it. 

@Julie Clark my friend and are I setting up a wholesaling operation in the Seattle area. perhaps you could connect with him.

Hey There - very generally speaking, you need to present the vendor with a Sale Tax Exemption Certificate, and these are specific by the state you operate in.  

Here are some things to consider.Coin operated Laundry - You make money, but you have to collect coins and machines are subject to vandalism/theft. 

Yes, do I beef in turnkey, yes I do, because it can work if the process in place with your operator is correct. 

I am Brad Moncado, co founder of the Springfield, Missouri Real Estate Investor Group ( REInvestorGroup.com ), operate as a full time Real Estate Investor completing wholesale deals, flip homes, new construction, lease options and more.  

Their operational expenses were 51.6% across 37,491 single-family properties in 22 states.