The value add will include TI's and renting out the 50% of the square feet that is vacant.The hangup is that in a TIC structure we have learned that every person must bring money into the deal to achieve an equitable split.

Here's why:People who spend all day crunching are almost never viewing in person.

Definitely one of the only paid subscriptions that I actually use regularly and am not upset about whenever the yearly charge goes through.

I am getting a RLI personal umbrella policy from an independent insurance broker.

So now I have three rental units, plus I also rent out a spare room in my personal residence.

thereby allowing these plumbing updates to pay for themselves).I've got the toilets and faucets all picked out (because I have personal experience with these and I know which ones are good) - but I'm not sure what to do about the shower heads...I know that shower heads are an item that can be the biggest money-saver (because these tend to consume more water than anything else).

However, interest on the same debt used to pay personal living expenses, such as credit card debts, is not deductible.But, wait there's more... 

Personally, I analyze the residential units as guaranteed income and don't look at the commercial space at all.

In my personal opinion this is a very small issue that can be easily handled in a Saturday afternoon Congrats on having 2 rentals in this market!

If the trust is what is called a "disregarded entity" (meaning it does not have it's own TIN and does not file a tax return) then the activity of that property is reported on your personal tax return.