Presenting Deal Performance to Potential Investors

[Scott Sweitzer]

I'm raising capital for a joint venture and have met with a few potential investors.  They've asked to see my track record.  I have two existing properties (purchased in 2021 and 2022) and am crunching the numbers.  I'd like to share a spreadsheet showing annual property operating data.  This would include:  gross scheduled income, vacancy & credit allowance, gross operating income, expenses and net operating income.  Would I include the "start up costs" (closing, rehab and licensing) as an operating expense, or is there some other way that this should be displayed?

Thanks!