It was an LLC with a buddy (not REI related) and we went from being very tight to now hating each other and nearly had a messy legal battle to get everything separated.

I agree with Michael and Jon, you should install separate hot water heaters for each unit.

Just recently separated from the US Army (5yrs) and was wanting to get involved in civilian law enforcement.

*Changed landlord insurance companies to save ~$15 per month.On my to-do list for the rehab are:* Separating the natural gas service and metering each unit individually, so that all future leases will not include the expense of heat.

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?