I will be adding a Z Wave enabled automatic water shut off to mitigate the possibility of a water line break.I have heard some good things about the Simplisafe.

But I'm having trouble finding any STR markets that are giving me Cap rates over 3% so I figured I must be adding something up incorrectly. 

I did send a letter a month ago   stating that I am going to hire a landscaper to do it and consequently this amount would be added to their rent. 

Also if you decide to convert the property to a long-term rental the improvements may be added to your capital basis & depreciated over time.Track Expenses by Account - Helpful for reconciling bank accounts, credit card accounts & expense reimbursements#2 Liabilities / Outstanding Loan BalancesIf you are using outside funding, you will also want to keep track of your outstanding loan balances that you owe for each property.You can do all of this in an Excel spreadsheet by just creating columns for Category, Vendor, & Accounts.

Keep in mind that repairs done to the primary residence are not deductible. however there is an exception when you do all the repairs with the major renovation, then repairs can be added to the basis. 

Traditionally those early repairs would be added to the cost basis and depreciated with the rest of the home. but if the repairs were relatively inexpensive and tended towards cosmetic, you're probably a safe bet to go ahead and deduct it.

I’m in CT. the basement is unfinished so it would just be adding sq ft.

Currently paying 1500 a month in rent in my current situation.Looking to buy a house that is 569k using a conventional loan putting 5% downExpecting the mortgage with insurance taxes etc to come in at 4,000-4,200.I am trying to rent the 2 bedrooms out for about 1050-1100 each and the basement out for 1200-1300 a monthWhen I am adding up the numbers I'm getting a total monthly income of 3400 from the other rooms, leaving me on the hook for the remaining 800 or 600 dollars depending on what the lender comes back with.Am I calculating this house hack correctly or should I be adding in the fact that I currently pay 1500 a month in rent so by eliminating that payment I am essentially making 700 bucks on the deal considering I am only paying 800 a month towards the mortgage.This is my first house hack so just trying to ensure I am running the numbers correctly 

I will be adding things like this to my future leases.Thank you.

The first $100,000 will be applied to the installment note gain ratio of .8333 so that is $83,333 worth of CAPITAL gain to recognize and then the additional $10,000 amount of extra payment is all gain and would be added to the $83,333 for a total of $93,333.