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Updated about 2 years ago,
Handling a future rental that is a primary for next 12 months
Hi! Looking for recommendations on bookkeeping/account management for a single family home. We are closing on it on Dec 21st and will live in it for a year, then rent it out as a long term rental. Are any of the repairs, purchase price, mortgage payments, etc considered business expenses or should they all be kept under our personal checking account? (We are just starting to get good at bookkeeping for our properties so I want to continue that trend)
Thanks!