This is all fine but in speaking with owners and in looking at the county tax records nothing has changed.

Could cause you issues with taxes etc later.

I understand that forming an LLC can offer various benefits, such as liability protection and potential tax advantages, but I'm a bit overwhelmed with where to begin.I'd appreciate any advice or recommendations on the following:1.

Drinking water is in good condition but of course turned off at this time. 3.

This may work in certain climates or seasonally, but I've ran into issues with it during "in-between" seasons where both cooling and heating was needed, so I ultimately just turned it off.

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..

never heard of one running off propane, unlike natural gas or electric.

I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions.