I absorb as much REI content that I can find online and want to expand my horizons with others' experiences. 

@Gerald MaczugaYou should contact a tax specialist, not an online forum.

Can I use Buildium for bookkeeping including tracking all transactions per LLC including mortgages and can it produce detailed reports at tax time?

They  justified it by saying the mortgage was paid off but there are still other expenses. 

You can deduct a proportionate amount of your mortgage interest, property taxes, insurance, electricity, water, gas, etc. and you can deduct any expenses that are directly associated with the portion of the property that is being rented out.

She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.

The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

That's called mortgage fraud, which i'm sure you aren't contemplating.

Hello, I am looking for a Maine based attorney to handle a private mortgage contract. any recommendations?

However, I would definitely want to see the loan handled by a "local" lender - not one of those online VA loan companies.