The computation of the percentage allocation or split is generally done by using square footage, acreage, or some other methodology that is defensible should you be audited. 

@Jason DeckI have used QuickBooks Desktop for many years and recently switched over to QB online.  

Sorry this doesn't compute for me..

@David Ptak - What you're looking for is a combination of the the BRRRR calculator and the flipping calculator to do those computations.  

Does the initial evaluation of the bid happen by computer only?  

When notified of this, the tenant actually went to the place of business of the property management company and attacked one employee and smashed a computer.

The proper tax treatment is to add your net rental income to your other ordinary income, then compute your taxes.  

Let's say I did one of the following: buy a computer for looking for properties, bought a file cabinet for bookkeeping, go to lunch with real estate agents to help plan my business, drive to look a potential deals.

I'm heading out of town first thing tomorrow for a few days and leaving the computer behind.  

Basically put a full package together on my phone send it to review on my computer later and delete from my phone.