I will do e exactly how you said,  will wait and study.

If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.

For Conventional, you can only use 75% of the gross rent until you have Sched E history for the rental for a net rental income analysis. 

This is why so many people earn large sums of money quickly (lottery, sports, entertainment, etc.) and end up broke.Take Dave Ramsey's Financial Peace University.

It's a game-changer where you can buy a $1,000,000 property with $35,000 down, you can build equity while keeping living costs low.2️⃣ Partnering Up:Real estate is a team sport.

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

(e) Minimum side yard: 10 feet distance from side yard to nearest building or structure.

says he invests note funds into 3 e-commerce businesses and 1 Mastermind business and 1 Business that puts on Broadway Musicals.

No such requirement for improving rental properties and deducting interest on Schedule E. 

The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.