Make sure you RSVP because we only have 6 out of 100 spots left.https://www.eventbrite.com/e/momentum-makers-investor-meetup... 

.- Vacancy rate factor and bottom line Schedule E income will be used to calculate the rental, no the gross DSCR lease amount.

@AJ Santiago You've got some really good info and advice here from @Lynnette E.

No need for an e-mail template :) I hope that helps, feel free to reach out if you have any questions. 

Its a Colorado-specific situation, I guess I should have been more specific:Portable tenant screening reports (PTSR) pursuant to HB23-1099 § 38-12-902(2.5).(2.5) "PORTABLE TENANT SCREENING REPORT" OR "SCREENINGREPORT" MEANS A CONSUMER REPORT PREPARED AT THE REQUEST ANDEXPENSE OF A PROSPECTIVE TENANT BY A CONSUMER REPORTING AGENCY,WHICH REPORT INCLUDES THE FOLLOWING INFORMATION ABOUT APROSPECTIVE TENANT AND THE DATE THROUGH WHICH THE INFORMATIONCONTAINED IN THE REPORT IS CURRENT:(a) NAME;(b) CONTACT INFORMATION;(c) VERIFICATION OF EMPLOYMENT AND INCOME;(d) LAST-KNOWN ADDRESS;(e) FOR EACH JURISDICTION INDICATED IN THE CONSUMER REPORT.....Link to the full Bill

Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?

Because Baselane was created by real estate investors for real estate investors, the categories align perfectly with your Schedule E you'll need to file when you do your taxes.

Should you report it on Sch C or E?

For example, some brokers are as high as $26,000.Are they charging you for E & O insurance, Skyslope, a CRM?

I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms:  (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian