If it looks to be a solid deal then use your knowledge of which expenses should exist and if utilities are in question you can always call the provider.

Can you bill back utilities to the residents?

1) The $1832 S8 rent probably includes all utilities.

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

Utilize Excel spreadsheets and attend local networking events for valuable insights.

I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.

You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.

Good LuckTypically multifamily is 5 units or more and Single Families are 1-4 units, so I was confused, so thanks for the clarification  Actually, that part is only half true because there are additional criteria that need to be considered to be multifamily vs SFR, such as separate utilities, heating systems, how they are attached to one another (Vertically vs horizontally), etcan easy way to differentiate and communicate is to call it multifamily if it has more than 5 units. and Single family for 1-4 units or call it how it is duplexI own several duplexes that are considered single-family homes by the city.In the end, it is your decision on how to use it

Util they in the last 2 weeks got us figured out and helped I had varying degrees of being blocked.I'm using creativereireply.com a new super set of reireply.com.   

I have a few questions and I will definitely be seeking professional guidance as well, but wanted to throw this out in the forums.Background:  I have just opened a single member LLC.  I have a personal HELOC on my pri...