Typing out EVERY SINGLE income and expense in my life, personal or business.

heheAlong with all other most expensive suburbs in the US 🙈

After selling it late last year, we found that we averaged about 6.5% appreciation each year over the past 4 years (we sold it for $126,000). 

Nothing held back for maintenance because the houses they recommend buying are all newly rehabbed, and nothing held back for capital expenses because you should sell them in less than five years and move into multifamily investments so nothing major should break before then. 

We tell most of our landlords clients to consider themselves as running a trade or business, because it allows them to claim business overhead expenses, among other benefits.2. 

They also admitted that the bedbugs weren't there until recently and that they likely brought them in but they still feel that I should be financially responsible for removal costs (averaging about $2500). 

Tax Returns: Request copies of the individual's previous years tax returns will confirm there yearly income and account for expenses and liabilities.4.

Do you have a set list of expenses you work off? 

Your friend may be able to claim interest paid on the underlying loan as a business expense.

Is there a spreadsheet or calculation I could use to see how much profit I'm making vs. how much expense it incurs?