Also a good pm company will provide a P&L every month.

@Dave Stokley@Lisa Marie@Dan Heuschele@Cody L.

You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.

Quote from @Nicholas L.: @Michael P.should not the capital of the US be changed to Columbus The capital of CA. was once in Benecia CA. so there is precedent to move it.

I agree with @Nicholas L. regarding the house hack strategy. 

Quote from @Mark L Weglarz: I am an investor in the Grocapitus/UGro Build to Rent (BTR) Texas Fund and the "Pre-Seed" Fund. 

Quote from @Nicholas L.: @Nicholas Nakamurain order to be successful, you will need to build a network on the ground in Ohio with people you know and trust. buying a random property on the MLS in unknown condition based on other people looking at it, and putting it under management with people you have never met, will not work, and you will lose money.https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...so - what's your plan? 

A T12 will be an income statement/P&L from any software you pull it from.Thank you so much for sharing your insights, Brandon!

@Arn Cenedella and @Nicholas L. makes a good point about investing in a area where you live or an area you know well. 

@Lorenzo L There are many reasons that investors buy properties like this.