For this reason I’ve undertaken the expense of installing separate propane heating systems in my buildings.

If you reported a lot of expenses and showed a loss, then the loss will be treated as a liability in DTI calculation.

But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.

Often times these approved vendors are more expensive than the individual you can contract with on your own because they know they are the only show in town.3.

I have sold many CA buyers our more expensive out of state deals though which run great, for example north side chicago 4 units 800k+ that cashflow with great tenants 700+ scores.

I have kept track of all my expenses in an excel sheet/word document but feel like there may be a more organized and efficient method to tracking?

Was able to purchase and clean up, but probably would have avoided the property entirely to avoid the headache and extra expenses.

For new build to rent properties, expenses are generally lower than for older homes, but it's best to remain cautious.

hey @Joshua Morency. its doable but you may not be able to 100% zero out your monthly expenses.   

I always account for this expense when I analyze a property.