If you are filing Schedule E (Individual tax return) you have to do that anyways. 

Also trying to start an e-commerce business as well. 

I’d like to give you the details and see what yall’s thoughts are...10 Unit (of 2 buildings)Listing Price: $1,100,000Potential Gross Income: $124k6% Vacancy (but building is currently 100% occupied).Effective Gross Income: $116kNOI (Including a 5% CapEx and 7% Property Management): $75kDebt Service is around $50kLeaving me with an annual cash flow of $25kDSCR: 1.5B/E Occupancy 73%Cash On Cash: 7% (with 30% down payment)On paper, it seems like a great deal based on everything else I have analyzed in my local area.

It seems like commercial broker sends only their lising (off-market) in e-mail so they can get deserved commission both sides. so is it ok to connected with more than one broker ?

Practically, people just deduct the cost in their schedule E as overhead.

@Daniel E.

I am surprised they are running out of hot water fast, the smaller tanks should heat the water faster than the larger 50 gallon tanks, maybe look into small tank heaters with more heating coils to heat the water even faster. take a look at this one, available from HD too https://www.rheem.com/product/marathon-30-gallon-e...that one may deliver enough hot water for your tenants.

Nothing is very new in real estate the laws were laid down years ago and pretty much the same.. couple concepts.. buy low sell high.rent for more than your all in costs.get a license and broker real estate for a career.get a mortgage license and help others get funding get an apprasiers license and get paid to evaluate properties and write reports.Work as a property manager and get paid to manage.ETc ETc For courses you may wish to take.. simply go to e bay and buy most every guru's courses for 25 to 50 bucks each go through the tapes and books you will find most of the information highly redundant because nothing is new there is only so many ways to skin the RE cat..

@Brandon WesleyYou didn't mention where the property is located.Question 1TIC - The rental property will be reported on your schedule E.

I have been using docusign to do e signatures though, so it has made the process quite a bit simpler.