The bottom half goes on the schedule E just like a rental.

Here's the quick overview of my numbers and projections with more detail in screenshots of my excel spreadsheets:Purchase Price:  $365,000Price Per Unit:  $60,833Two-Family:  $121,667Four-Family: $243,333Rehab Estimates:  $60,000 ($10K/unit) Estimated After Repair Value:  $575,000Loan:  90% LTV (of purchase price) @ 12% interest for 6 months with 2 points paid on exitProjected Cash-On-Cash Return:  29.35%Projected Internal Rate of Return:  51.02%Here's a picture of the current rent roll (two units were vacant) and my projection of the rent rollCurrent Rents:  (more details considering the numbers don't tell the whole story)Two-FamilyUnit 1 (2BR+):  VACANT - son-in-law lived here and moved out prior to closingUnit 2 (2BR):  VACANT - empty when I walked it... he was "finishing" itFour-FamilyUnit 1 (2BR):  $200/week H&HW included - one bedroom is painted entirely black, multiple windows are broken, and other weird things...Unit 2 (1BR):  $780/month H&HW included - only "normal" tenant in the buildingUnit 3 (Studio):  $150/week H&HW&E included - complete hoarder... floor to ceiling with junk except for a small path from his bed to the bathroom and the fridgeUnit 4 (Studio):  $155/week H&HW&E included - smokes in her apartment without a care in the world... had a lit cigarette while I was walking throughProjected Rents:Two-FamilyUnit 1 (2BR+):  $1,400/month (OWNER-OCCUPIED) nothing includedUnit 2 (2BR):  $1,200/month nothing includedFour-FamilyUnit 1 (2BR):  $1,200/month H&HW includedUnit 2 (1BR):  $1,100/month H&HW includedUnit 3 (Studio):  $1,000/mo H&HW&E includedUnit 4 (Studio):  $1,000/mo H&HW&E includedHere's how the numbers broke down for cash in and cash out:Actual and projected expenses for the properties (I was given a single sheet of paper with hand-written numbers). 

At year-end, I can output a schedule-E form for the year from quicken and hand it to my accountant for processing.

Lol remember your 1st time making the net for that property on E 150th or something?

Hi @Randy E. 

http://meetu.ps/e/GGzKk/wTRC4/a http://meetu.ps/e/GGzKk/wTRC4/a

Most publishing / distribution cycles are rather longer than that if it's not an e-book ...My $0.02 ...

@ Lynnette E. 

You can verify rent history by their Schedule E's, their deposits in the accounts to verify timely payment of rents, leases, tenant at will agreements, etc. 

I havent tried looking elsewhere for my needs, but two things that I've noticed about the Sacramento market is that we are seeing a lot of Bay Area transplants trying to get away from the high cost of housing, and Sacramento's housing market seems to be going up exponentially, so it seems lik e a great long term buy-and-hold situation, based on location and market values of homes and rents.