Q2) Since this is our principal business, and we are an incorporated business, do I report 12,000 in income & 11,000 in expenses?

Any lease / legal advise to incorporate?

Like putting in a wheelchair ramp or grab bars in a shower.This is a good article that explains the difference:http://www.disabilityrightsca.org/pubs/548301.pdfPlease note the references to federal laws, even though it's an article that incorporates California law with the federal laws.And if you don't want to believe me, I really don't care.

Of course these facts contradict the “emergency housing” laws that the Portland city council are ramming through so there is a political interest in sustaining a fake narrative.

BiggerPockets should have been incorporating more economists in the podcasts.

Instead, use this as an opportunity to fight the narrative in Portland that landlords are the devil and show empathy, express understanding, and make sure she has what she needs to weather the coming weeks.

You have to control the narrative.

I might incorporate that so that tenants will understand and it’s a matter of policy.

I'm sure in some areas there are people who raise the average- especially cities where they push the rent strike narrative and aren't evicting for months giving non-payers fuel to be negligent. 

I partnered / collaborated / engaged / teamed /socialized / discussed / vetted /group thought, etc. in corporate world for 35 years.