Marina,Beware of trading work for rent or reduced rent. 

Other than being paid workers that learn while they earn, my 2 boys have also each been members of our commercial apt bldg LLCs since they were squirts.

You must have monthly utilities, and taxes/insurance to pay, supplies to buy, monthly fee to the building, etc, so your net earnings for August must be less than $1114 if that is what you got paid out.

Also, the connection between "property taxes & the national debt" run like this: The new tax law reduces the amount of property tax that can be written off.

The sad thing is if the investors just invested in better areas and locations the equity growth usually way outpaces cash flow returns over time and the headache tends to be much less for the earned overall annual yield.As for searching for properties to buy it tends to be the same in every asset class.

For several of my properties the county has reduced the 2018 assessment dramatically.

@Ashley WolfeFirst off, the biggest win is that you are looking reinvest the earnings from your last deal.

I want to reduce my taxable income as much as possible.

Or reduce them, anyway.

By all appearances, you may have misled them, intentional or not.Give them window units, reduce the rent and apologize.