Taxes on sandwich lease.
I believe what I have is called a sandwich lease. I signed a multi-year lease on a property and simply pay the mortgage, insurance and taxes for the owner (the exact amount.) So I guess I have something like an NNN. I rent out the two units and maintain the property, making my profit off the remainder. So essentially I get the cashflow and they get the appreciation, mortgage pay-down, and tax-related depreciation. In this situation, how do I break down the taxes? I understand that lawncare and repairs are straight-forward. Do I list my monthly payments to the property owner as some sort of rent?