Let's pretend we're in NYC, where rents for studios routinely run $3000/month. 

Now for a minute, pretend you're a business you'd like to sell someday.

I subtract off the $300 and pretend the rent is $400/mo. for argument's sake.

You can't not report an installment sale and just pretend youre still renting it out. 

I've had friends offer to call on my behalf, pretending to be prospective tenants, but I hate being dishonest about it.If I called you, would you say "It's none of your business" and hang up, or would you tell me?

I am a real estate agent and therefore my income doesn't start to count until after 3 years do to the fluctuating nature of real estate commissions.I am not a CPA nor to I pretend to be one, but from my experience you will not see large gains when starting out.

Or you can just sweep all of the complexities under the carpet and pretend that nothing happened.

But it would show up as ordinary income for you.No, you can't just make up some number and pretend you spent money.

I don't want to pretend to be an expert as I only have a rudimentary understanding of what we are discussing, but from my understanding the proper process is to have the easement or right of way "attached" to the deed so it travels with the deed when sold to new owners.

Try hard to pretend you don't know your own website.