It is better to create a separate bank account just for your rental activities.The reason is that it will be easier for you to recognize what is income / expenses more easily.

You can easily call the city and find out cost of permit, or ask them to show you the receipt for permit costs.

In the current market investors may need to alter their expectations, tweak their strategies, and/or expand their knowledge and skills to keep them on the path to their goals.

Given my situation, how could I use that... to expand my rental properties?

Attend local seminars, workshops, and webinars to expand knowledge and network with other investors.

Professionally, I have study and working experience in the German Taxation Laws and know that Taxation is a crucial and vital aspect in any business in any country.I already have property here in Germany and currently planning to expand to Dubai and Miami USA. 

You would have a much easier time to finance a property that can easily debt service.

You can easily signup for roughly a half dozen lenders I can connect you with. 

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road

Because it's a banking and bookkeeping platform I can set up individual bank accounts quickly and easily in Baselane and keep track of revenue and expenses for each property and easily run basic and customizable reports.