Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.

While this is always a possibility, the reality is that VERY few people will actually trash a place.

“However, consumers took a slightly more pessimistic view on the likely direction of mortgage rates, reflecting the fact that actual mortgage rates have moved upward since the start of the year.

I'm wondering: can renovations actually help reduce insurance costs?

I've actually used some of what you proposed here with our tenants the last couple of days.

This was all before actually would schedule a time to speak to me.

@Miguel Hernandez it's also worth finding out if the place already has an auction date set.

I immediately looked at the portfolio and raised some rents I had been putting off doing which was a start in a better direction but not an actual solution.

Redfin was showing a home sold for 280k but after seeing the appraisal it  actually sold for 250k.

Getting a proof of funds letter is boarder line fraud if you can not actually close on the deal.