Our offer was just accepted and getting ready to get inspection started.So we have formed a LLC with the state and i wanted to get some information how to set the LLC up for tax and accounting purposes.

@Shaun Palmer appreciate all the resPonses, didn’t expect this much feedback but thanks to everyone...So it is a 50 gallon electric water tank but is being used as an indirect holding tank off the boiler with a circulator...

@Katie LeporeOh my God Katie your response was so helpful!

If you have any questions on disaster response or your communities need assistance, please do not hesitate to reach out!  

Pays on time or early, is very neat and treats my property as if it's their own, is just financially responsible enough to never be late on rent but irresponsible enough to never save up enough money to buy their own house.

But if I split them up I usually get good responses to all.

If you want to do it right (which you should do in this case), you'd have to put in a new common-area meter that both owners would be responsible for splitting. 

@Tairsa Mathews Sorry I just saw your response.

Thank you so much for your responses.

Alright, so I have been getting a couple different answers and I think I know the answer but I would like to get different responses from the BP community!