donno a whole lot on this but we have been signing 5-7 yr leases for drilling rights for over 50 years on our land. last time they asked to only renew it for 2 years and paid us 5k, no one has ever drilled though. my immiediate family, as well as my cusins and neighbors all are on top of the same natural gas and divide up the royalties if they ever find anything on any of our properties, we get 1/16 no matter were they drill, becuase we are on 1/16 of the reserve. if you sell your property and you think there is natural gas keep your mineral rights as long as you can!

The big issues are snow removal & driveway repairs.How should this be divided up?

I only spent 12K on the house and 12K on rehab and want to maximize the tax benefit of repairs vs. capital costs since there is really not much to depreciate if divided over 27.5 years!

Your basis for the building in 2010 would be 200k.You will separately as of the completion date depreciate the FULL 40k in improvements based upon 27.5 years.In 2011 you will continue depreciation on the building.You will continue depreciation on the 40k in improvements.You will separately as of the completion date depreciate the FULL 20k in improvements based upon 27.5 yearsIf it was already rented in June: 2010 depreciation calculationPurchase Price: 200k +Improvements: 0k -Land: 25k Depreciable Basis = 175k Recovery Period 27.5 Years Full years depreciation: 6,363.63 Business use 50% = 3,181.81 Available/rented 7/12 months = 58.3% Building Depreciation to be taken = Improvements will be depreciated separately starting on the date completed a full year would be 40k divided by 27.5 = 1,454.54 (will be prorated based upon when completed)2011 depreciation calculationBuilding depreciation: 6,363.63 40k Improvements: 1,454.5420k improvements: 727.27(will be prorated)If you need clarification just post here I'm monitoring the topic.

I make it clear that I do not accept half payments; 2 people on the lease are jointly responsible for paying and it's their business how that's divided between themselves.

I’ve experienced tax lien certificate auctions where the treasurer laid out all the certificates on a big conference room table and said “you guys divide them up and when you’re finished come down to my office and pay for them.”

On top of that, you did not include other expenses like vacancies, evictions, etc in your expenses and therefore, you net monthly loss is much higher then the $9 monthly.Since you are just starting out, take the rent and divide by 2.

and we can put it in the assignment that any profits over $ will be divided 50/50."

But lets say their is a 10% vacancy and the rents collected was $18,000 divided by 20 doors equals $900.00 per door in income..........That is where this pooling stops.

25ft wide x 5280 feet (1 mile) = 132,000 sf. 200k divided by 132,000 sf of road is $1.50 per square foot?