Your accountant simply takes that property off of your Schedule E and you move on. 

Quote from @Cory E.: Hey Austin,Happy to connect with you.

@Scott Parker   well you can do it the old fashion way.. my e mail is in my tag line at the bottom of the posts.. send me an e mail if you like..

I just think about this Norada Note situation that has been talked about at length on BP.AS I have stated I dont know Marco the owner personally never talked to him never e mailed him never met him..

His scholarship would be gaming related, playing on the e-sports team.

When there is a recently acquired long-term rental, lenders can simply throw in the lease agreement and use 75% of the rental income from that, but on a short-term rental, there is no lease agreement, so the only way to document what the actual cash flow is, is by using Schedule E of your most recent tax return filing. 

Will be interesting to see how there progress toward starting the development unfolds in the coming year.Source: https://www.bizjournals.com/washington/breaking_ground/2016/...Source 2: https://www.costar.com/article/1419620342/mall-owner-preit-e...

Hello @James E. 

Work that my accountant did to clean up my Schedule E.  

You e definitely put my mind to ease.