.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.

Quote from @Raghavendra Jakkani: The tenant should provide proof of income that doesn't require detective work.

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

Lots of depreciation you will pay no tax maybe even shield some W2 income.B.  8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense. 

When you say "we," are you speaking about your business or your personal tax returns, or does your business flow into your personal returns because you file as a sole proprietor?  

He is very good about deductions on tax returns so his income looks negligible and of course banks wont talk to him about loans.

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

Also, you will have additional occupancy tax depending whether you are in the city limits or not.

We do not verify income.