I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.

Wishing you tons of success, keep us posted on your journey! 

If you have not contributed post-tax dollars into a traditional IRA, the total amount converted is taxed at your normal income tax rate and the Pro-Rata rule does not apply, but in this case you mentioned you have an IRA so I'm sure it does. 

Hey folks, so this morning one of my colleagues posted (from another person) some reasons why Sec 8 can be very difficult.

Call me difficult all you want, but I'm posting an important warning to the BP community: you cannot set your S-corp salary based on some rules of thumb, such as this 60/40 urban myth.That said, there is also no such thing as paying yourself out of a disregarded entity and no such thing as an LLC "owned" by an S-corp.Now you make me guess what your actual setup and your actual intention is.

I read some post on BP where they were suggested to charge more rent for 3 adults, but if that's not okay I'll not do that . 

Check out my biggerpockets post here for more information! 

First official post to the forum; my name is Brendan and I live in Southern Ohio!

Quote from @Dwayne Ghant: @David Robertson: I know this post is a few years old. 

Update posted.