Based on the information you provided, I'm operating under the assumption that you have a single-member LLC whose activity is reported on Schedule C of your personal income tax return.I hope that helps and best of luck with your rental property!

Go put one together.Without one of those no one can tell you what you should do correctly and in any case you have no basis for valuing one persons advice vs someone else.If you did have an IPS, it would most likely indicate that the recent run up in real estate prices means your RE portion of your investment portfolio is over weighted. 

Or, perhaps if you were in public company their reporting requirements would be as such?  

Thank you in advance for any advice. 

Older properties could allow for a higher quantity of investments and potentially more cash flow, but I lack experience with these and would consider working with investor friendly realtor and property managers.I would greatly appreciate any advice on:New constructions vs. older homes.Self-managing or working with a property manager.Identifying promising locations for long-term rental investments.Thank you in advance for your time and help.

Thank you for your guidance in advance!

The much anticipated ADP Private Payroll report came in at 176K.

- No good reports. 

And then the 6252 reports the installment sale treatment of the boot. 

There are four main ways that I recommend: Appraisal reports, comparable sales, tax cards and national averages.