This is where consensus can supplement logic.

The ratio you use needs to make logical sense like rented square footage / livable square footage or rented bedrooms / total bedrooms.Example - Costs such as real estate taxes, mortgage interest, utilities are normally indirect costs and calculated as such.

Commercial loan underwritting is a lot more logical and the loan structures are much more sound.

After all, vast majority of decisions are first done emotionally, then justified logically.  

It is a bit hard to explain the logic of it, but a summary is you are not suppose to 'make money from your labor' within your SDIRA - meaning, in my interpretation , that you can say fix screens, paint rooms, etc... that do not IMPROVE your property, but not say replace windows, upgrade from say wood siding to metal or add a room etc... 

This is tax time and good CPA are busy and stressed.I am not sure why some people jump to the conclusion she is not qualified, with lots of other logical explanations and little information, it is pretty unfair to rush to conclusion. 

Now, the reasoning used to justify this (notice I did not use the word logic), is that the municipality runs by taxpayer dollars; so if municipal utilities go unpaid, that would place an extra burden on the taxpayers (i.e. higher taxes).

.* Make sure you use logic not emotion for this roller coaster of a ride you are about to embark on.

With that logic, there is no need for any brands in real estate.

I am a very forgiving and logical person - the voice on the recording was "computer voice" reading the exact listing.