There are various ways to do this in QBO, but this is how I typically do it for myself and my clients in the Chart of Accounts.Real Estate Owned> Land> Buildings> Closing Costs> Capital Improvements> > CapEx 5 years> > CapEx 15 years> > CapEx 27.5 years> DepreciationOnce the tax return comes in I will adjust for depreciation.

I agree that gaining hands-on experience in property management before fully diving in is crucial.

This new person who moved in is already causing issues.

For spaces that small, with minimal TI going in, I don't think that's crazy.

Which neighborhood is this house in? I

I have not factored those in. I

I would like to find multi family (5+ units) to invest in i just dont know how to find the deal or structure it. 

I also manage myself.The only cash I have in is the down payment of 5% or 16500 with 2.875% interest rate. 

It will depend on the state and city that you are in. I

Cleaning fee: they cleaned, but still very dirty. 12. carpet damaged in 2 rooms, yes it is old carpet but in perfect condition before they move in. I