Managing this through Excel and Access is awful.We are looking for software or a service to simplify this process, and we don't mind spending some money on it!

That's not the only reason, but there is definitely a method to the madness here . . . as I mentioned in my article, Project Simplify: Outlining the Near-Term Future of BiggerPockets, we've got a plan for the future of BP and these little moves make a big impact.

You're now in business.( simplified version) All those items are now POSSIBLE deductions on tax return under schedule "C".

Im a big fan of Roberts youtube videos on assets versus liabilities, he really simplifies wealth building in a straight forward and strategic way which i like.

I hope you get it now, because I don't think I can simplify it any more than this.

Martin   yes, I should see the day when they simplify the tax system.I usually don't go so far off topic but since you said this is an inherited annuity I will tell you our experience. 

If this is your first international application and there are others to choose from that you can do a credit check on I would simplify my life and pass.

Got a call today from a tenant about the central AC not cooling - the fan is on but not blowing cold air.Tenant is in a 2/1 two people with two 50 pound dogs.Tenant is inherited from my last purchase so still on a 2 page long, overly simplified lease they signed with the last owner.

My grandparents are in their mid 80s, sold their house last year to rent and simplify life.

Sounds like you have gone to more analysis and reality than those who try to follow simplified rules, ignore the first year if appreciation is decent and they aren't eating any hay, you win.