I incorporated it into a new drawing with some other improvements for a better layout.

Originally posted by @Linda Weygant:Bear in mind that if you are charging way below market rate for rent, the IRS may (in the event of an audit) impute a market rental rate into your income since you are renting to family.Thanks for sharing this specifically, as it's family the natural inclination is the keep their expenses as low as possible as long as we are covered.

Since you know their natural gas bill is not being paid, better check to see if they are behind in their other utilities as well.

If the properties are owned by a corporation, they are taxed in corporation at the highest corporate tax rate - rental and investment income are considered passive income by the CRA and do not qualify for federal and provincial small business tax rates.  

According to Missouri Department of Natural Resources, machines this old may contain hazardous PCB's and should be disposed of by a professional.

Newly married and work in the natural gas industry and am looking to start investing in real estate in the near future.

We're pretty pumped about it, but because of the nature of the property, we lowered the CapEx, which could be higher.  

I wouldn't accept that as a seller.Always treat your natural person sellers with dignity.

I have some construction experience though most of it is related to plumbing in high rises and pipefitting in natural gas and oil refineries.

I've spent the last seven years working as an accountant in corporate America and I've come to the conclusion that relying on one stream of income won't allow me to reach my financial goals.