Hey, Joe That sounds like a great idea as long as you supply the cash.

It is illegal if you are supplying utilities and you shut them off in retaliation or in an attempt to get your tenants out.You probably want to notify your tenants, but I would do it with a simple phone call.

Over 20 years of experience and can supply references.

That will supply you some additional cash in case the properties start having problems (and eventually they all do!).

We bought all the supplies and my husband put in the fence.

If you have some cash you could locate someone you are comfortable with and supply some money to get into the deal.

I will find the house and do the renovations.My partner would be basically supplying money.

The best way to compete initially is to set yourself up to supply those funds then you not only get paid on flipping you may establish good relationships with them that can help you hugely.

If each side is separate I'd treat it like a rental car, and supply it full and they are responsible to replenish what they use.

Thing is that a business entity will offer the means to write off expenses to the income that would be difficult if not impossible to do personally.As an example, you could write off cleaning supplies to gross rents personally, but if you were audited for any reason and they see gross rents received being higher, then the expenses can be questioned and they will certainly say, "you probably used those paper towels at home" type of thing.Having a set of books in a business will allow furniture and fixture expenses and depreciation, office supplies and other business related expenses to be taken and justified.