You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

This included all the data from the first 6 months of the year as I did not hire her until July.

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

You don't need to save up $100K or quit your job today in order to become a successful investor. I started 23 years ago and bought my first property with 3.5% down using an FHA loan. I had to borrow the down payment f...

Just make sure you have all the required permits, including alcohol.

Interest rates and cap rates change, competition changes, your PM ends up being horrible, lots of variables.Just to throw you a monkey wrench, in your killer spreadsheet does it include the credit score, income, and employer of every resident? 

We put the property completely back together, making everything brand new overall.

Doing lots of my own research, but brand new to investing and would love to network.

Once you become licensed you subject yourself to all the laws required of licensees, including the requirement of broker supervision.

It ends in a $395M annual loss and entire brand tarnished by political spin.