Using a Lease Agreement & A Separate Option Agreement.

Are all the utilities (gas & electric) separately metered?

No, acquiring any asset or interest that has value could become an issue, however don't know what's going on either.What you acquire after the separation is usually on you, out of bounds, but my point goes to your ability to pay and ability to earn, that could be an issue.

On all the apartment loans we've done lately the lender required us to set up a separate entity to hold the property in.

Furnace, water heater, ac each separately over 27.5 years.

It has separate meters.I will look again at the ceiling in the bedroom and bring someone more knowledgeable with me to see if they know if this is from water damage or what.Since he is now asking just under $80K and my final offer a month ago was $73K, should I offer that number again?

Condo conversion address 1613 6th St Berkley CA7 unit apartment complex sell price is 1.52Msix units are 2 bed / 1 bathone is a 3 bed / 1 bathall units have their separate gas and water meters and parking space, there is even a common space available set up in the complex.Condo compatibles are $400,000 plusEven without the conversion I am told the rent are $135,000 per year cash flow.After talking to the planner at the city, most of the conditions have already been met by this particular property.It will mostly be paperwork to convert and put in place an HOA.

I'm guessing most flippers (unless they're a larger company) don't have the advanced systems in place to exactly separate out G&A, indirect, and direct expenses appropriately at this level.However, if the mileage is directly related to that exact house (such as driving to the house, or going to Home Depot for supplies) then it is technically a direct expense.

You could frame a new interior wall inside the garage that keeps the car separate from the utilities.

All are on separate electric meters (thank goodness) and have individual laundry facilities.