If anything, dish out the $99 for your state and have the landlord forms BP has instead of getting a lawyer draw you a contract.

:A cash-out refi or drawing funds against a HELOC is not a taxable event. 

In our business, we have 4 equal partners and everything is divided up in quarters.

In the will it states clearly that the youngest sibling with special needs is to remain in the first property until he wishes to leave or he passes away and then the property is to be sold and divided equally amongst the 8 children.

Both have their benefits and draw backs.

Also, would have to have someone draw up a lease and option to buy.

You could divide that into 1 million per month but it’s more like 3 million in October and maybe 200,000 in January and February.

The property is located in MD and the water bill is would be divided by the number of tenants including the laundry unit. 

Because even your simple question has got quite a few variables that are hard to pin down and give you an exact number.For existing Facilities there's really only two ways to value them: 1) the real estate appraisal &  2) the income valuation.We believe that you are buying a secured income stream backed up by real estate so we prefer the latter method of determining a Facility's worth.Take the NOI (Income minus expenses) and divide by the Cap Rate and that will give you the Value of the Facility. 

So add back into the calculation your monthly mortgage amount, then divide by the price and that is your true cap rate.Good luck!