However, make sure to account for renovation costs, HELOC interest, vacancy rates, and local rental laws.

Heck my local credit union pays 3.5% on its basic account. 

Please consult with an accountant specializing in real estate taxation. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

If so, those bookings and the accounts go away.

Sometimes it is very difficult to reconstruct your depreciation schedule without the help of your prior accountant but still potentially possible.

The accounting class will help you keep your books in order and understand your taxes.

The stock account is tanking, you see no hope for it to return, and you want to preserve the remainder of the principal;3.

@Hansen TongI recommend finding an accountant that specializes in real estate taxation.