The owner will be providing a list of the items that will be included with the property and their costs, which will provide us with a deduction on the legal fees.Logically, I would think that, since the current owner will be separating out the cost of the furniture from the apartment, we can perhaps depreciate it according to the normal ADS schedule for furniture, as it seems like it would be equivalent to purchasing used furniture for a property.

Levels are separated by flights of about a dozen steps. 

Are all 3 properties deeded together, and if so, what would it take to separate them?

I want a phone number separate from my personal one that sends all incoming calls to a voicemail, any ideas?

I get where you’re going with the idea but I find it’s better to separate investments and personal property. 

I don't think being all in on each unit for $130k is a bad scenario if you can separate the units and sell them separately, or even get them all repaired and cash-flowing and then hold it or sell it off as a turnkey property to someone else. 

Is it typical that the buyer and seller have their separate attorneys ?

In most cases, if the units are separately metered, the tenants can and typically do pay for all their own utilities.

I'm considering purchasing two older single family homes that have separate addresses but are on the same lot and same tax and water bill.

What about separate metering?