We haven't figured out the best solution yet, but leaning towards just the entire building go into the solar and including the cost of electric in the rent.  

i like to base my net income as what I will be putting in my pocket after all expenses and debt services. 38k after expenses and 18k after mortgage is what I was referring to.

However, I had other things to focus on throughout my years in school but now that I am finally done and landed a job I can now focus my time on what I always refer to as "my master plan". 

On another note he also said that I should file for a license if I’m “flipping” and by license he is referring to excise tax.

Since they are your parents and there are estate issues involved you may have some solutions available that would keep the bank from calling the loan due.

I only buy on current rents.By spreadsheet I was just referring to the BP analysis linked in your original post.

If anyone has advice or reference numbers I would love to chat.

The bank appraises the fence for $10,000, but the new buyer gets to start depreciation over for $15,000.What you're referring to as the 20% deduction in the first year, is what's called 100% Bonus depreciation , and is a new law passed with the TCJA tax reform.

Cleaning house my be the best solution but I do not want it to come to that. 

This is a frequent question and I've read through a few of the past posts asking for contractor references.