I bought with a cash-flow on day-1 and could tolerate two vacancies before creating red-ink, so it's crazy to be penny-wise and vacancy foolish.I know there are those here on BP that harp on hobby vs professional business operations, but there's more to the bottom line than just GSI - - consider the opportunity losses created by vacancies.

What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? 

My property has a capital loss.

Overview:Address: 3960 Pleasant Shade Dr, Atlanta GA 30340 (Have owned for since Nov 2016 and depreciating)Details: 3 bed 2.5 bath 1,847 square feet (None of the photos online are current)Principal Owed: $232,000Mortgage Rate: 3.375%Monthly Payment: $2,010 + $250 for landscaping and pest controlCurrent Rent $2,450 a monthProjected New Rent: $2,750-$3,000 a monthPotential sales price $450-500k. 

The bank stopped paying the taxes because it's a loss either way. 

@Keith Meyer The subject you appear to be referencing in the link is Passive Activity Loss Limitations under Sec. 469 of the IRC.

I aim to have it show the impact of K1 losses if the syndication offers it, and that tool is helpful because some of the comparisons will show a real estate syndication vs mortgage notes or debt funds that may not offer the same tax advantages/losses.I've included some of the criteria I was putting on the Excel calculation below.

So when I use that formula I get: .69$2000 (on a more typical non loss year) + $381127 (principal remaining, 5/2050 mature date) + 470000 (~ appreciation) = 853,127/($850,000 (property value) - $381,127 (principal remaining)) = .69That is what i get with that formula but I do not understand the differnce between "mortgage paydown and "debt" as aren't those the same thing?

I'm looking for a short-term rental (to generate active losses), but maybe I'm thinking about this wrong...  

This might be 50% given the loss of the parking revenue.DO NOT buy!!!!