I believe Expense because i was repairing the unit with the exact same thing it had when it broke.I am using Quicken to keep up with all the records and am trying to track these as tax items. 1) how do i track these "Schedule E/C" 2) when i have to drive, eat, and other stuff how is that tracked?

Also, I found this page that give you a guideline as to what should be included: https://revnyou.com/ultimate-guide-creating-real-e...

My attorney says that she would recommend e & o insurance for your llc to protect your business. 

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

Because I know what it is worth.Kind regards, Stian Birkeland E-commerce EntrepreneurLondon, UK

@Eric E.

From which, you may want to look at this from the real estate perspective and sell off the FF&E as part of the property sale if you wish to do it all at once.

@Joe E Mendoza you anywhere near Tacoma?

Great to e-meet you.

In my smaller commercial deals yes I did get the tax return schedule E (bank typically request it too), but on larger deals Sellers declined to provide it and broker said that's fairly common.