Posted by Brad Crouch on February 22, 1999 at 19:25:54:
Who received the cashflow of $100 per month ($1,200 per year)? If it was you, wasn’t this income?
Why would the fact that you are not the owner of record, cause you to not pay taxes on income earned?
Invest the money in repairs so you can have a deduction or put the money in your pocket and bite the bullet.