See below for how to do that.Step 4: Deduct as Schedule E rental expenses the allocable mortgage interest and property taxes from Step 3.Step 5: If there’s any net rental income left after Step 4, deduct as rental costs allocable indirect expenses — maintenance, utilities, association fees, insurance, depreciation and so forth on Schedule E — but only to the point where you zero out rental income.

Even though it's not my business page on BP I'm still the face of my company indirectly and the first thing someone sees.

You showed this:Gross Rent $18,210 (increased to $20k for 2022 due to rapid rent increases in 2021 and 2022)Direct Expenses (includes maint, ins, tax, HOA Fees, and depr) $6,916Indirect Expenses (Telephone, Travel, prof fees, etc) $351Net Income (Rent-Direct-indirect) $10,944And I replied to you, asking do you not take into account capex, vacancy, and debt?

Some things you'll want to mention is that you attest to either a direct or indirect impact from Corona that is effecting your ability to pay your mortgage.Add your mortgage loan number for them to reference.  

I agree with concerns with collateralization, but to me the bigger issue is limits on distribution of assets section: no "distributions of Borrower's assets--or make any advance, directly or indirectly by way of loan, gift, bonus or otherwise to owner, partner or employees". 

using technology for efficient outbound communication to the world is direct action oriented, starting with the tele-phone invented in the 1800's i think.....anyone afraid of initiating talking usually criticizes it, because they cant do it. it's a skill, and the foundation of real estate transaction.Using technology to wait for inbound calling is less action oriented, indirect, passive, but can also support your efforts to connect with the outside world too.there is nothing more action oriented and direct and scary than picking up the phone to initiate a conversation.  

I'm never in direct communication with them.

There will be more people dying indirectly from the economic consequences, in the coming years (like not being able to afford healthcare). 

It seems there are a bunch of "Craigs List Whores" out there that are not actually in direct contact with the seller/owner and they can cause havoc quickly.I'm always to help anyone I can when I have time.

Every mentor program I attended gave me (directly & indirectly)same kind of assumptions and fears : you got have at least $250k to start to be as GP or it takes at least 12 to 18 months to find first deal or First deal will most tough deal to find ......blah blah blah.