Originally posted by @Bill Hamilton:Walk away. 

Bill is correct.

Originally posted by @Bill Gulley:Here you go, understand what the requirements are and you should not have a problem finding a title company and settlement agent, so long as you follow the rules. :)http://www.alta.org/images/pdf/09-05-15_uniformgen... aha thank you

They have bills too you know.

Time for a class Bill.

@Bill HamiltonDefinitely good advice here.

My management was billed back to the company and is reflected in the K1.

So about a month ago we had a pipe burst in one of our unit, water ran from upstairs bathroom down to kitchen and into basement. water remediation company had fans and dehumidifiers in that tenants place for about a week running continuously. their utilities bill webt from being approx $50 normally to about $108 dollars so around double. theres 3 roommates in that unit and each one got a $100 disount for that months rent to compensate for any contractors coming in and out and not having hot water for about 5 days. my question is should i pay for the additional electricity used caused most likely by the dehumidifiers and fans?

IE it went up 6% in the year to cover Realtor fees.. you might break even in the Bay area if you had to exit in one year. in the Turn key markets you will FOR sure lose money.. and most likely will lose Capital anytime in the first 5 to 10 years in most lower end turn key areas as values are stagnet and really don't move up unless the homes are completely refurbed again and run through the high powered West coast marketing machines that Turn key operators are ..

That's what powers BP.