So I should file it under the Schedule E.But my question is, how do I actually file it on the schedule E? 

I'm closing on another one on 128, E 146th, and 74th.

My first post on BP, I've been a lurker for a long time.I sold my e-commerce company last year and have been doing some real-estate investing, I've bought and fixed up several personal homes over the years and have always wanted to get into real-estate investing.I live in CA, and I bought my first investment property in Temple Texas at the beginning of the year. 

@Victoria E. - Companies like Call The Underwriter and Texas Pride Lending provide third party underwriting services

"(11) To refuse to rent to a tenant solely because of an adverse credit report or lack of credit history without reference to additional information provided pursuant to Section 38-105(e).

We tell them they will get updates via e-mail, we send a mass e-mail out when it is rented "thank you for your interest, we wanted to let you know that the unit is now rented." 

I can set up the rent payments, collect them into easy-to-create bank accounts, and then have the system automatically categorize those payments for my Schedule E at the end of the year because Baselane already knows what each of the payments was.

Here is the property:   https://www.zillow.com/homedetails/5-E-Penn-Ave-Wernersville...The net operating income after expenses is $292K, and the proforma net income after expenses is $349K.   

3855 E 71st @Bob Stevens

Also, this is specifically for when a new rental property is being placed into service and there is no Sched E history