Just wasn't sure if I should include my monthly management as part of the equation or as a separate line item.

Instead split the rental income 3 ways or consider a Family Limited Partnership.If you have a business, always have the real estate held separately from the business.Feel free to ask on the other tax matters.

My actual rentals will sit in a separate LLC that will elect as a partnership.

Are each unit within a MFH metered separately?

This is a HUGE discrepancy and certainly makes the difference between positive and negative cashflow.If the utilities are $556/month, I'd assume the units are not separately metered OR the owner pays electric on a lot of them.

We each contribute 50% of the funding and then I have a separate company that does all of the management.

You'll want to contact the 401(k) administrator (if you work for a large employer, it could be outsourced to a company like Mercer; if you work for a smaller employer, it could be someone in HR/payroll) and ask them about 401(k) loan repayment options if you become separated from service.

These are some AWESOME locations, some on lakes, some in manned/gated communities, etc.The bank is willing to split the existing homes and lots into two separate deals.What do you guys suggest would be a good offer price for the existing homes?

.#2 is less common, but in markets like we have today in many parts of the country, there is a lot of competition for good houses, and many people realize that making offers at list price or below means a bidding war that they may or may not win -- so they offer over list price to separate themselves from the competition.

If they are separately metered then it can be put in the tenants name.