My name is Arthur  E I have watched my avatar video and also have the Great pleasure of being able to greatly appreciate your kindness. lets do great deals together.

It is a long term goal of mine to operate in a Northeast/ Mountain market at some point once I establish my brand more in Texas.

Instead, you’ll report it as lower rental income on your Schedule E.

I’ve spoken with a few accountants about this and the consensus has been from them that you can’t have the best of both worlds with schedule E and all the write offs.

Updated all the mechanicals, designed a brand new commercial space, and remodeled the residential apartments.

Quote from @James Brand: Not having issues, but since Stessa ultimately is the tool I use to manage my books it seems like a natural connection would be an accountant familiar with the tool.

Column A - year Column B - total units that year, adds previous year total to new units added in Column CColumn C - new units added that yearColumn D - $60k per unit value added for that year (assumes it stays at $60k per year which is wrong, but you could tweak to have it match the 2% inflation from columns E & F)Column  E - takes previous year value from column F and multiplies by 1.02 or 2%Column F - Adds columns D and E for the current year.

I am brand new to all things Real Estate, and Investing related and I signed up for BiggerPockets to meet great people in the same space I'm trying to enter as well as learn as much as I can.

I’m brand new to this so I don’t really know. 

I'm on Lane Kawaoka's e-mail list and I always think about striking out for something, but wondering if its worth it or if it can turn into a house of cards...