@Ashish AcharyaI am using these disregarded entities to hold a single family home for long term rental.Just monthly rental income and usual expenses.No other business activity.

Currently I am using text messaging to screen interest.

Exactly my thoughts as I read the post and then thought....here it comes, lol.The show is amusing but gets old with the constant bickering and his drama yelling with her crying.

Sorry, I am new to this business, currently I am using Rental Property Calculator from biggerpockets.com, I am finding the number as they are and it gives me CoC ROI, what I am getting is below 2%. 

Although I am using free software and resources.

I am used to it now, RE investing is work and I have to set time aside to dedicate on it besides updating myself and working on the new Nexus Data Center certification."

(If I can understand the basic accounting I don’t think the software is going to matter) Current I have set up: (in the software) I have Asset: Home (Need to know what “value” to use) I have Liability: Mortgage (I am using outstanding principle) I have Expense: Interest (expense monthly split entry from Mortgage payment in checking account) Notes / Questions: N: I have owned the house for 10 years but want to start tracking from this New Year 1/1/2014 Q: When I enter the “Home” as an Asset how do I determine the value to enter?

I am using Holton-Wise for the property manager and their associate Varner Group for the realtor as well as their associate Hoag agency for insurance and Black Tie Title for closing.   

I am using a large bank right now, and I won't mention their name, but they are a NIGHTMARE.

Also running into a lot of 15%, I am used to 10% plus first month for new renters.