This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

The length of the inspection procedure may also cause a delay in the tenancy's commencement.

LICENSE AND FEES $8000, CUSTOMIZATION OF THE HOME $5,0000, CONTRACTORS (I HAVE NOT IDEA JUST FROM WHAT I HAVE BEEN TOLD $5-$10,000 BECAUSE THERE ARE NO HEAVY LIFTING, CRANES OR HEAVY TOOLS), AND LETS DO $10,000 FOR EMERGENCIES.

. - Management: it may be hard to manage the home if you are not living in the area, to deal with emergency maintenance or make sure the home is getting taken care of.

For named hurricanes, cyclones and tropical storms and National states of emergency due to weather, and directed at NE Florida, we will consider on a case by case basis for cancellations within the 5 day window. if anyone has suggestions on a better way to handle I am all ears. 

Good to know for the next investment - Hopefully eviction procedures have started on my side.

Couple reasons for this.1. sucks to lose money every month when you just put down 20%, which can be a lot of money2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds3.

Schlage is usually doing maintenance on the servers which can cause the locks to become disconnected.Another thing you could do is put in 5 or so emergency codes for guests just in case.

Really, I don't need it immediately but want it for a nest egg/emergencies/vacancies. 

I'm also open to investing in emerging areas and putting in the effort to develop the property.Thank you in advance for your time and energy.