As to unfinished projects, still building, ensure the other phases are under separate assessments and if not consider contingent liabilities as to contracts and projected debt coverage, lease up or sales of at least 2 years, look closely to the market demand and scope of project.

Mmmm okay now I'm hungry.Just to clarify: My SDIRA commercial land is entirely separate real estate from the lots for the food truck business.

The owner cannot be his own tenant under rent control, so you can charge him market rent on a new lease (and have no obligation to take him as tenant), unless you have a separate contractual obligation.Or was the owner not living in the unit, but just charging a tenant (who is not the owner) a certain amount of rent?

(So the business is only taxed once)To make sure LLCs are as strong as possible, you'll have separate bank accounts, credit cards, etc.Even though I currently own all of my properties in an LLC, I am considering purchasing a few personally so I can get 30 year financing at low rates.

Electric is already separate for each unit, so in that case each tenant would be responsible for their own electric heat bill.The whole house is about 2400sqft, there are two 2-bedroom units and one 1-bedroom unit.

I would say you do not need separate accounts for your funds.

I am looking for some recommendations on a RE attorney and CPA in PA as I intend to use a self directed IRA for seed money and then Hire a separate entity (also controlled- owned by me) to complete the repairs that will be required.

At the time I think it was because they were going to integrate Quickbooks with BT, but we do that separate anyway, so it wouldn't have mattered.

I'm in the process of purchasing a 2 family with a detached two car garage that is currently rented to an older guy, separately from either residence.The place is only for storage.Absolutely no working on cars or running a business out of.No storing hazardous material or illegal goings on.Not in any way responsible for damage due to environmental conditionsTenant is responsible for securing his propertyOnly allowed to access the space between 8:00 AM and 8:00 PM - so as not to disturb tenants.The gentleman seems to be a hoarder and is in his 70s.

I decided to separate to take care of the kid/s, while hubby continued on active duty.