If the payment(s) reported on the credit report is less than the threshold payment calculation above, in order to count the lower payment, the loan file must contain a statement from the student loan servicer that reflects the actual loan terms and payment information for each student loan(s).

We are closing on our first rental next week and have been looking for a CPA to help with the tax filing.  

Hey Travis, I am posting the link to the Ordinance. https://detroitmi.gov/sites/detroitmi.localhost/files/2019-0...It says that this ordinance was passed in 2019, however, @Drew Sygit says that it is still just a proposal.

Our mortgage was significantly higher than our flood insurance, and I don't know if we qualify to try to apply for FEMA or if there is other assistance, and if so, if we would apply as a business (we file it on our personal taxes as rental income).

I have spoken to many active investors that filed bankruptcy in the financial crisis.  

I'm about ready to file a complaint on them with the FDIC.Moral of the story, it's a nifty application but I would be careful about how much money you keep in that account. 

If they fail to pay, then you can consider taking them to small claims court or filing with a collection agency. 

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

When asked what they did, they advised they filed it away.

Is it by filing 1065 and generating K1's or is there more to it?