The real question is whether or not they call it out in the report and send to the lender.

Planning performs a thorough review to make this determination including searching publicly and also checking to see if anything was reported to the SF Rent Board or a DBI complaint.

As far as the reporting goes, the rental income and losses will most likely be reported on your Schedule E - speak with a tax professional who has expertise in real estate.

I would think you would need to pull a title report and see if there are any liens / judgements as well at least the owner should..

However, consider:Long-term market projectionsYour personal financial goalsTax implications of holding vs. selling (consult a local tax advisor)Partnership Structure:Clear, written agreement detailing responsibilities, profit sharing, dispute resolutionRegular financial reporting and meetingsExit strategy for both partiesConsider forming a legal entity for the partnershipFull Bank Financing: If the bank would finance the entire project including renovations, this could potentially be more advantageous.

Various collecting agencies will report to the credit bureaus.  

., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.

If we did everything on the inspection reports, then the property would be worth more so we refuse to play that game.

We talked about this: AirBNB's Fall Report, How one UK STR has a 2-year waitlist, and more in this week's edition of BiggerStays, the weekly BiggerPockets short-term rental newsletter.

Best of Luck.https://www.ripoffreport.com/reports/live-and-invest-overseas-lief-simon-and-kathleen-peddicord/live-and-invest-overseas-lief-simon-and-kathleen-peddicord-recommended-real-estate-inves-1515549"Lief Simon and Kathleen Peddicord give advice regarding other countries to invest in.