Your partner will still have to sign a personal guarantee, but should drastically simplify the due diligence process.

Said differently, in a very simplified version:-30k   Cost of improvements (appliances, carpet, flooring, painting, etc)-15k   Mortgage-10k   Property Tax-1k     Property Insurance+24k Rental Income-32k Net Loss: Would this be my deduction against W-2 Income?  

One-foot overhang for eaves would be allowed.ADU Size (in sf)LOT SIZE (SF)ADU MAXIMUM SIZE (SF)3,000 - 5,4446005,445 - 9,0007009,001 - 10,00080010,001 - Up900LOT SIZE (SF)ADU MAXIMUM SIZE (SF)Up to 90001,0009,000 and greater1,200Number of Bedrooms and BathroomsTwo bedrooms allowed on lots with an area greater than 9,000 square feet, and only one bathroom.Up to two bedrooms and two bathrooms allowed for all units.Attached ADU Maximum Floor AreaMay not exceed 50% of the existing or proposed primary dwelling living area.May not exceed 50% of the existing or proposed primary dwelling living area or 800 square feet, whichever is greater.Design StandardsVisual compatibility with existing primary dwelling is required.No design standards, except new simplified standards for attached ADU units for historic buildings listed in the Historic Resources Inventory.Parking requirementsAn ADU requires 1 space unless the property qualifies for an exemption under State law—see the parking requirements.If a garage has been converted, the main dwelling parking space must be replaced, as uncovered or in front or side setback areas.

One-foot overhang for eaves would be allowed.ADU Size (in sf)LOT SIZE (SF)ADU MAXIMUM SIZE (SF)3,000 - 5,4446005,445 - 9,0007009,001 - 10,00080010,001 - Up900LOT SIZE (SF)ADU MAXIMUM SIZE (SF)Up to 90001,0009,000 and greater1,200Number of Bedrooms and BathroomsTwo bedrooms allowed on lots with an area greater than 9,000 square feet, and only one bathroom.Up to two bedrooms and two bathrooms allowed for all units.Attached ADU Maximum Floor AreaMay not exceed 50% of the existing or proposed primary dwelling living area.May not exceed 50% of the existing or proposed primary dwelling living area or 800 square feet, whichever is greater.Design StandardsVisual compatibility with existing primary dwelling is required.No design standards, except new simplified standards for attached ADU units for historic buildings listed in the Historic Resources Inventory.Parking requirementsAn ADU requires 1 space unless the property qualifies for an exemption under State law—see the parking requirements.If a garage has been converted, the main dwelling parking space must be replaced, as uncovered or in front or side setback areas.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.

The specific rules and regulations can vary depending on your country and local tax laws.Here's a simplified example of how this might work:Scenario:You lost $1 million from a real estate development investment (capital loss).You gained $300,000 from stock investments (capital gain).In this case, you might be able to offset a portion of your capital gain with your capital loss:Capital Loss: $1,000,000Capital Gain: $300,000Since your capital loss is greater than your capital gain, you might be able to use the entire $300,000 capital gain to offset your loss.

Here let me really simplify this for you.This is WRONG.

If you have succeeded, then you will continue to be in a high tax bracket well beyond the point at which you stop working a job.That example is so over simplified like you said and isn’t even close to what happens in reality.  

Unfortunately you're over simplifying it and you can't just use your interpretation of what makes a pass through override actual IRS  tax code. 

I heard that Easy Storage can do both the website + management software which would simplify things.