If you wanted to track a P&L by Unit, you would have to create 6 different properties to accomplish that. 

Quote from @Michael L.: @Christian Styles, I appreciate the conformation to my exact thoughts👍🏻. 

I want a simple place to track my P&L's and tax implications like accumulated depreciation and tax deferred tax losses. 

Hi @Ronald L.

Quote from @Nicholas L.: @Arianna FarinasI like house hacking locally first.  

Quote from @Nicholas L.: @Mike Tashmanwith this question i always like to ask... what's your goal?

Quote from @Nicholas L.: @Catherine Dingunfortunately "turnkey" and "good cash flow" don't get together. 

She was using a tax definition for "in service" which differed from "Placed-in-Service" and I thought she was using straight English, when she was actually using another definition.Regardless, the last couple forum posts helped me to fill out my first P&L Statement, so I do greatly appreciate the feedback on these terms.

.: Quote from @Eric James: Quote from @Nicholas L.: @James WiseI think part of the issue is that, per 2016 Brandon Turner, every property cash flows $250 a month forever, and so there's no such thing as a $5K turnover I've had rental properties for 14 years and never even had a $1000 turnover You've got rentals going 14 years that you've never replaced the flooring?

Quote from @Anthony L Amos Jr: Quote from @Alex Rodgers: Hi everyone,I've been looking for properties for months and am still having trouble finding properties that cash flow.