You want to annotate your late fees upfront and highlighted it on the L.A., the expectations should to be brought forth before they move in so that there is no misunderstanding. 

With rates at this level I an not sure places will cash flow at 80% loan value. 

@Ashley Tarver You can't do a 1031 exchange because it is your primary an not an investment property.  

You would annotate the transaction as such on the LLC's books. 

If you wish to pay anything from other accounts and I do that with a few things like utilities, insurance, etc, then I use my banks tagging feature to tag the transaction to annotate what the transaction is for.

Those need to be segregated and annotated properly.Ultimately, one journal entry is easy, but it's not going to give you enough detail that you can effectively manage your business and allow your accountant to accurately prepare your tax returns.

If you can't prove it with evidence, the judge isn't going to just award you his money because it's an not in pristine condition. 

Enjoy my annotated Orlando map pulled from the City's permitting dept.

I'm pretty sure 80% of my tenants view me as an *******. Not

Although i think you posted this in the NYC area forum, an not upstate?