The money transactions are reported on Schedule E of your 1040 tax form.I learned this from accumulated knowledge from different courses.Close only counts with horseshoes, hand grenades and stretching carpet.All of this and your tenants pay rent to you personally? 

Just like everything else in life, numbers can be stretched a significant length one way or another depending on your perspective.

We do tend to know how to stretch a dollar, don't we?

Even if I can stretch them out over 4 months and not put them into my loan, it's still money paid before the investment makes money for itself.

I have a lender who closes regularly on DSCR in 25 days or less.  20 is a stretch. 

You can stretch your money a lot further that way.Best of luck to you!

As I evaluate this opportunity and formulate a plan, the steps need to be mapped out so that I don't come to a stretching halt.

We had to stretch the limit just to get that.

I have, hence, excluded CAPEX from my calculations with a principle that I would only analyze houses that are no older than 15 years and the big ticket repair items have been recently replaced by the owner- I know its a long stretch, but, was just shuffling around my numbers to see what makes sense.

However, for the purposes of a purely theoretical discussion, pubs are interpretations, not the law, and their interpretation of 23101(a) sounds like a stretch to me.