I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repa...

I have a tax question on water heater replacement. I Know it should be a capitalized expense written off over X amount of years. Last year I replaced a water heater and in doing my taxes using Turbo Tax there was so...

Details:
North Carolina
120,000 FSBO
4-plex 600sq st each 1br/ba. close to downtown living. solid brick building, new water pump, has washer/dryer on location, no major upgrades needed. all 4 units occupied and r...

Hello everyone.I have done many buy & hold properties but have never bought a property for the sake of a flip or a Brrrr.So, now I am ready to go ahead with my first official purchase that requires significant reh...

I have a 4 Unit in a suburb just outside of Albany, NY which has one gas/electric meter. We also pay for water/sewer so we hit the trifecta (maybe that's actually a pick 4)! I am now pricing out a utility split but th...

This is me sucking water off a renters floor just before midnight. Record rains at 10:30pm for about half an hour. Every street was flowing like a river. Five tenants and five different properties called me to report ...

I am in San Diego building a rental studio on back of property. Permits for construction in and I’ll be given multiple addresses.

I would like to split gas, electric and water to have each unit metered individually....

Hello fellow BP members, I am in need of some urgent assistance and advice regarding a 5 unit complex I own that has one water meter that I pay. One of the tenants seems to be upset at the world and now causing numero...

We are rehabbing a property with a 1000 sf daylight basement, with a walk up exit.  The house is 100 years old.  The basement is completely open, with the HVAC and hot water heater in the center up against one of the ...

4 - 1 bedroom apartments
asking price - $110,000

Monthly rents total - $1,575
NOI - $18,900

Expenses
Taxes - $1,140
Ins. - $1,200 (still waiting on quote)
Water and Sewage $4000
Mgmt fee $1900 (if I use one)

Expe...