From my understanding it is not uncommon to ask a seller for the Schedule E.

I'm not an insurance guy and so do not know all the details (maybe one can chime in), but I've seen insurance policies that purport to cover up to $10k or $20k (or w/e) in "surprise" special assessments.

If you can have access to all the units and ensure everything is "off", you can then check the flow indicator on the meter to see if it is still indicating water usage.

They should roll into your personal return on your schedule E.  

Doesn't matter if you have no income REMEMBER TO FILE THE RETURN.Send me an e-mail to the address below for more info.

Originally posted by @Steven E Lasseigne:My wife and I recently bought our first rental property from a turnkey co.

Filing as S and C Corp or partnership will work the best because you’ll have move the filing for the properties away from your scheduled E and off to a corporate or partnership return.

I will plan on forming a new LLC to hold the airplane and document what costs were associated with each usage (personal or biz).I love the SR22 but with wife and 3 kids I would like to be able to haul all of us and I would be much more comfortable with 2 motors over Lake Michigan. 

I have learned a lot and would lo e to meet others doing or wanting to do REI

https://joefairless.com/best-e...There's also the Cincinanti REI meetings.