We had the sewer lines backing up after our first load of laundry.

Background: A company was operating in Santa Monica from 2016 thru August 2018, then they are moving to LA by end of this month. 

Operating accountproperty taxes and cap ex are paid out of this account also.2.

See if lease has personal guarantee.Individual corporate guarantee from a smaller operator can be weakest because they can BK that one location and walk away from it while running other stores.

I'm kind of thinking that loading up on loans (smart loans, of course) might be the wise decision before that free capital starts to dry up. 

@Justin Urich and @Gwen FyfeNew owners are are getting mail either from the franchise owner wholesalers (ugly houses guys) and others who spend a boat load on marketing or newbies that didn't scrub their list and only selected absentee owners. 

You can expect 40-50% of rent to go towards tax, insurance, operating and cap ex.

That is a great question, but also a bit of a loaded question because there are so many moving parts to that question. 

@Rudy Estrada I am by no means an expert,  i think that there is no need to record it if both of you are on the deed, when filing taxes and taking the deductions then you can tag along your operating agreement stating the percent of ownership.

If you do a major renovation on the property your local building inspector could force you to add strapping to all of your roof trusses or hand framed rafters, plus additional strapping / tie downs on load bearing and gable walls.4.