MAYYYBE then that software can possible esptablish weather or not a particular person is motivated.So your saying there is a chance......

But I'm here on BP because I don't know if they know if they're any good.My point is that GHL is amazing software and it's worth the money.

Many turnkey providers influence the appraisal in their favor.

I am starting to build out a site to help with an agent's lead collection and online brand. The lead collection will be done with an online form the agent could leave open on their iPad or laptop for individuals to fi...

Note not tax advice, this is more for the high income earner...Simple Scenarios: Using TurboTaxPrimary Use: TurboTax and similar tax preparation software are best suited for relatively straightforward tax situations.

Just create an invoice in Quickbooks or whatever accounting software you use and track all of your payments to him there. 

Then I would continue researching on Airdna which is the most accurate data software for STR.

If you are using an accounting software, it is impossible for the assets to not agree with the equity / liabilities.Did you factor in everything from the closing statement(such as pro-rated rent, closing costs, lender fees, etc)Did you use a PM company, if you did, did you factor in incorporating the PM Statements.Again, if you are using an accounting software, and factoring in all the transactions from your bank account / credit card, it should not be off.

When you begin reporting rental income on your tax return, you can consult with a tax professional or use tax preparation software to ensure you're correctly claiming all eligible deductions and depreciating the expenses appropriately.

The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.