Your accountant simply takes that property off of your Schedule E and you move on. 

Quote from @Cory E.: Hey Austin,Happy to connect with you.

https://www.rustoleum.com/product-catalog/consumer-brands/Zinsser

I no longer accept Section 8 because the juice isn't worth the squeeze.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

@Scott Parker   well you can do it the old fashion way.. my e mail is in my tag line at the bottom of the posts.. send me an e mail if you like..

Husband and wife agents with luxury brand, own a construction business, licensed General Contractor, retired army officer, successful spec projects in 2004(money was easy then).

Anyways, are those carpet tiles worth it if you get a good brand?  

His scholarship would be gaming related, playing on the e-sports team.

When there is a recently acquired long-term rental, lenders can simply throw in the lease agreement and use 75% of the rental income from that, but on a short-term rental, there is no lease agreement, so the only way to document what the actual cash flow is, is by using Schedule E of your most recent tax return filing.