If each side is separate I'd treat it like a rental car, and supply it full and they are responsible to replenish what they use.

Thing is that a business entity will offer the means to write off expenses to the income that would be difficult if not impossible to do personally.As an example, you could write off cleaning supplies to gross rents personally, but if you were audited for any reason and they see gross rents received being higher, then the expenses can be questioned and they will certainly say, "you probably used those paper towels at home" type of thing.Having a set of books in a business will allow furniture and fixture expenses and depreciation, office supplies and other business related expenses to be taken and justified.

Welcome to BP (and to the RE supply for addicts :)...Enjoy, ask questions, and I look forward to seeing you around!

And, the less proof of expenses this guy has, the less purchase price he should be able to command.Also, I owned a pool service & repair company in Calif for 8 years, and I would tell you to have one or two pool maintenance and repair companies come look at this property and quote you the following:- Monthly pool maintenance cost- Monthly chemical cost (which is normally separate from the service cost)- Monthly supplies (things get broken all the time at commercial pools, like skimmers, baskets, poles, signs, etc. and you are required by law in most states, and especially California, to have a long list of items pool side at all times, so as soon as something gets broken, you must replace it.

I bet you won't be laughing when we turn off your oil supply.

For expenses, I use these figures; Taxes $2800, Utilities (water, sewer, and vacancy heat) $770, Insurance $900, Maintenance Fund $2400 (15% of income) Advertising $100, Accounting $100, Supplies $100, Misc $100.

The ready supply of diplomatic tenants, the $2,000 monthly rent and the potential appreciation are reasons to keep the property.

The fin tube heating does not have a return pipe, all radiators tap off the supply line thus when getting to the far side of the house, there is no hot water left as well as no circulation of the water through the radiators in the first place.

I graduated with a Supply Chain Management degree from Michigan State University a few years back.

Food is not supplied and there are no fees.