Also responsible for other expenses such as lawn maintenance, repairs, replacement of appliances etc on behalf of rental LLCs (A, B,C). 4) Y will charge monthly operating fee of 10% from each LLCs (A, B and C).5) LLCs (A, B, C) will NOT have separate bank accounts.

I think the transition will be difficult due to the culture clash between the age groups. 

Your accountant will make the allocations. 

@Candice Cervantes, to expand on what Zach notes:You will be bound by any lease agreement with the current tenant.  

How else will I learn?

They will. 

If it is in the same year they will not count any of it. 

I come from the a ticketing background and can provide lots of resources, connections, and perspective on the ticketing space (including my thoughts on the recent Ticketmaster news).Generally looking in and around the Missouri-midwest area for our first BRRRR property and am fortunate enough to have a general contractor as a friend/neighbor who will be a part of the business. 

Maybe I am missing something but if you are referencing the fence, that will not stop water flow nor will it be part of a foundation support.

My degree may not be my passion, but I know it will provide an income that I can leverage into something else (I've already started working).Currently, I am living in a home owned by a relative, and my rent is impressively discounted.