For Conventional, you can only use 75% of the gross rent until you have Sched E history for the rental for a net rental income analysis. 

Quote from @Derrick E.: Really depends on what they are looking for as well as long term plans.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

This is the 2nd thread recently where people espousing his teachings have had issues using sub2 (see the recent one here from someone who was warned about the high risk of the strategies he teaches about a year ago but said he should be trusted "because he had a TV show on A&E": https://www.biggerpockets.com/forums/50/topics/1225630-due-o... can't make this stuff up).

I will do e exactly how you said,  will wait and study.

You can easily tag each transaction using categories that synch to your Schedule E for tax time.

That's your "E-Z Button", you need a good PM so tap-out and get one STAT. 

No such requirement for improving rental properties and deducting interest on Schedule E. 

And I suspect their E and O will kick in if this money is lost  just sayin..

Quote from @Bob E.: The key to investing out of state is finding a good property manager.