I think a lot of people would categorize a sponsor as “good” if they delivered a fair return.

I can easily categorize each transaction. 

Your gain will be Sales price less sales expenses(Commissions, closing costs) less Adjusted basis.Your Adjusted basis will be Purchase Price plus Improvements less accumulated depreciation.Depending on how you categorized the improvements / furnishings will determine how you will calculate your gain.If you already took depreciation / expenses for the furnishings, you can't also count it towards basis to reduce your gain.Best of luck.

Bookkeeping software would likely note that a transaction took place, and maybe it would be able to categorize it correctly, but maybe not.

I set up the rent payments in Baselane, the payments go directly into the appropriate account, and my accounting system already has it categorized, so I have very little to do to close each month.

Yes we can use use by simply creating "classes" for each property, and categorize expenses.

@Matt Wells typing this out might get complicated in a hurry so I'll try to summarize and you can certainly reach out directly if you would like to talk it through.Conventional loans categorize loans into 3 main categories:  Purchases, No Cash Out Refinance, and Cash Out Refinances.  

Brightmoor is the neighborhood, so the categorization is Class C. 

The county put a homestead on half of my property, but this also re-categorized my property to State Code: A1 instead of B2 for 2021.

He is able to categorize transactions, reconcile accounts, send out owner statements, pay vendors, p&l reporting, and other bookkeeping tasks.