There are not as many oil field workers as there were a few years ago but these individuals will lead to a significant cost associated with unit turnover.

With this, you are able to purchase a property for $350k to 450k, rent each room out individually and likely come pretty darn close (if not over) the 1% rule.

Johnathan, the previous owner was an individual in PA. 

Only if somehow you had your clients write each of you a check, then the two of you are running individual businesses. 

Hi BP - need your help with this situation:- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)- Property C: The last property was held in Acme LLC with FOUR, different partners then transferred to our names individually upon refinancing because lenders wouldn't lendQuestions - Gotten conflicting answers on all of these1.

Property A, B, C: Do we have to file three separate partnership returns or can we just file individually?

I have an individual who wants to do owner financing rent to own on a property in Cleveland.

All units  are individually metered for water and electricity bills.

As the saying goes, money talks. in the floor plan, its a 4 bedroom 2 bath. one of the bathrooms is located in the master bedroom(not uncommon for most houses), leaving the obvious issue that the other three individuals would have to share a bathroom in the house.  

I know it depends on the individual /family MAGI, but what is the limit, slabs and does any other factors involve here ?