I also configured both to only pay me when the renter checks in so that I don’t have to worry about managing refunds if someone cancels.So...then how do you handle it for the small number of times someone contacts you directly to rent, or decides to stay an extra day after they are there...those transactions that aren’t captured by the channels?  

But when you get to capture the benefits of appreciation on 100% of the property value when you only have 20% or less skin in the game is when people realize that leverage is powerful.

The likely answer may be sell the property since most indicators suggest we are at the peak of the market, but you’ll need to determine what additional upside in appreciation is left on the table, and the probability of you being able to capture that gain vs risk of losing your current gain.

IRR captures all three. 

Determining whether or not you will be eligible to capture the full 20% deduction on your rental income will be based on your total taxable income for year.

Honestly, it would be unfair to give an opinion on the other accounting software since I'm not familiar with themThe key is to capture Revenue and any associated direct cost by project and comparing profitability.Good Luck!

Nice one Tim.Doing this makes you accountable too.The important thing is to take action - everyday (if you can) and capture your progress (or lack thereof) here once a week.I have acquired over 1,000 apartment units and I started with $0.You can read my story here:Part 1https://www.biggerpockets.com/forums/55/topics/690349-from-bankruptcy-to-1-000-units-part-1-thru-the-dark-tunnelThe links to Parts 2 and 3 are in the post.Also, I shared on BP what I did to make $1M on one building (link below).

I'll capture some of this blue in the new development as well.What was the outcome?

Not only are there opportunities to captures some instant equity based on the doing some updating and/or repairs, but the appreciation factor is something to consider as well.We have meetups all over the Bay Area, so I just sent you a PM.Hope this helps!

  @CJ M. yes I would buy a deal that cash-flows a couple hundred a month if it was a value-add deal where I could force appreciation and capture some equity and/or there was a reasonable expectation of market appreciation (ie property and/or rents).