I also have reoccurring questions about different deductions, and I am able to just reach out with a phone call to get an answer. 

So yes, when we find a VALUE service vendor, we build relationships, reoccurring services.

I have fully excepted my responsibility for my own education and understanding.... and I'm committed to it, but I'm becoming discouraged with what seems to be the reoccurring minutia in the marketplace. 

Does it have a reoccurring cost?

.- Purchase price: $87,000-Rehab Cost: $30,000-Total Cost: $117,000- Loan payment: $491.83 (principal and interest only) With financing at a 3.5% rate - Property tax: $520.83 (Too Damn High For The Area In My Opinion But I Digress)- Insurance: about $200 per month - Management fee: $220  (10% or gross monthly rent)- Maintenance/repairs (reoccurring): $220 (estimated 10% of gross monthly rent) - Vacancy: $110 per month (5% per unit per month)- Landscaping: $100 per month- Total monthly expenses: $1862.66- Rental Income: $2,200 (2 units renting for $1,000 per month)*Pro Rated For When I Move In A Year- Cash flow: $337 per month ($2,200 - $1,862.66 = $337.34)- Down Payment: $8,095 (including closing costs and cost of inspection)- Cash on cash return: 11% ($337 x 12 = $4,048.08 Then $4,048 / $113,000 = 0.035 = 35%)

Currently I have a client desperately in the need of one & I come across this need on a reoccurring bases.

The WY irevocable trust acquires said property, and leases it to your domestic LLC on a reoccurring 10yr lease, with rights to sub-let. 

This is a reoccurring theme.

I used it as a template and then covered issues as they came up to prevent reoccurance ( issues like neighbor complaints. dangerous dogs, trampolines, parking boats on my lawn , etc.)

S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation (line 16A & 17), Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your incomeI certainly hope that some of what is contained here helps your understanding of what goes on behind the "veil of underwriting".