Furniture has all sorts of different depreciation schedules and a good CPA will be able to untangle that whole mess and pay for themselves each year!

I had another meeting scheduled last night, so I wasn't able to make it to Nic's meetup.

3) Have they analyzed the KPIs of Webviews, Inquiries, Showings Scheduled, Actual Showings and Applications to find the pressure point?

If the deprecation from your cost seg is listed on the schedule E of your tax returns, that can be added back and used in the rental income calculation.

This way they are more mindful about usage and the bill doesn't fall to you..I would reach out to the tenant and explain the spiked usage and see if you can schedule someone from your water company to come assess where that monster number may be coming from. 

They will often offer the best terms, but expect the thorough underwrite (2-3 yrs personal and business tax returns, Debt Schedule, PFS, etc).

If not, go for a weekend, schedule some visits with local PMs and let them show you around.

I work full time in the film business in Los Angeles but my schedule is flexible.

Would love to hear recommendations too. The

They get equity, they're part of the new LLC (created specifically for that one property), they get quarterly member disbursements, tax benefits (which can be quite massive as we've started doing cost segregation studies right from the start - basically you get an accelerated depreciation schedule which offsets most if not all income the property throws off in the first few years), principal pay down on the bank loan and any appreciation (which on my deals I don't rely on market appreciation, I create it through forced appreciation - improvements, higher rents, lower costs etc).