Owner is responsible for space and utility (big expense).

I pointed out that both seemed a bit low-ball but if he would take a net out that was based on roof and kitchen each costing 20% more, we'd take it.In short order we replaced the countertops and floor (about $1,000), re-roofed in my spare mornings and weekends (about $800), and cleaned the carpet.

If that is the case, then paint the walls and consider tiling the floor also.

I've seen properties for sale with commercial space at street level (storefronts), and apartments upstairs.

May not fit Your scenario at all, especially providing office space & overhead, however heavy hitters getting 75-80% based on PRODUCTION (all over 10k a month in fees=65%;allover 15k a month in fees-75%;allover 20k a month=80-85%,etc.)

(get the street address, building name, floor and room number)6.

You have to take into account new, rafters, drywall, electrical, new flooring, and any other misc.

I would just hate to build a brand new place, rent it to poor people, and have it have that grease smell that you smell in every house in the hood and no matter what you do the the flooring and paint it will always be there.

Here is what happened after 2 years when I needed to sell.1) The builder had relocated to a subdivision close by and was still manufacturing the same style house and floor plan I had bought2) There were only a total of 3 different types of houses on my street 3) For some reason and I think because the community was not organically grown there were 20 homes on the market, so I was competing with 7 other identical homes.

If you keep receipts for all business expenses then you can claim those again income (things like cell phone, office space in your house, repairs and more are all possibilities).If you're not a sole proprietor then you are probably better off just hiring a tax accountant to do it for you.