@Jason Dubon I use a percentage of the rental income to prepare for expenses.

I don't have personal experience with it, but when the app was first developed, I contacted the developer and put the app through a fairly robust test usage to see if it's something I would want to recommend to my clients (I'm a CPA).I think the app is great for its intended purpose and I do recommend it to my clients now (and have for about 18 months now). 

You need to educate and prepare for them now.

Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

Hi everyone,I’m considering becoming a landlord for my property in Indianapolis, and I want to make sure I’m fully prepared before diving in.

He used https://www.dealmachine.com/ interesting we are researching different sites right now and are testing propertyradar.

I am tired of preparing for the worst... preparing for the worst is killing me slowly and I might not ever make it to experience the best.

I just want you to go into your investing as prepared as possible. 

.)- All in Cost = Cost to build * Square foot  - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost   accounts for agent fees and closing cost- Initial List Price = Sales price + 10%      A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.