We use quickbooks online to track our time, payroll, and income and expense tracking. 

So the income is claimed at the top and the expenses are DEDUCTED toward the bottom.

Without any experience, mistakes and learning in this industry can be very expensive.

How does our renovation and furniture expense factor into a cost segregation study?  

I disclosed to my lender that the Wholesaler was making 5k so then it made me look like I was lying to my lender when the HUD clearly showed the Wholesaler was making 15 KI recently had another transaction where a Wholesaler renegotiated a lower price after the fact.I’m assuming that where the wholesalers have that ability to make that extra is that they are naming the price that the buyer is willing to pay and not necessarily naming the dollar amount that they are assigning their contract for so this gives them the leeway to keep trying to get a lower price from the original seller, even after the fact of going through the motions of transferring their rights to the property to a new buyer.

@Clayton Silva is right vacancies and turn costs are generally our biggest expenses.

Quote from @Chiemezie Nwanyanwu: Quote from @Theresa McGallicher: Everyone is telling me the same thing here - to use Schedule E - but no one is telling me HOW I can write my rental expenses and depreciation off like that.

The ones I have heard of/tested are as follows:Beyond Pricing, PriceLabs - are automated pricing toolsLodgify - is strong in website development (if you want to drive direct bookings) but from what I viewed are not as strong in the management toolsYourPorter - Cleaner communication toolOneRoofTop - decent tool set, heavy lifting, questionable sustainabilityMyVR - expensive but decent tool setBookerville - their customers love them, their technology appears to be old school (so does their name)I too am on the hunt for a solution because I want to become more passive, moving away from the daily grind of working "in" my business so I can work "on" my business. 

Unfortunately, it's more expensive today than it has been in the past, but guess what, it will be more expensive in the future the longer you wait.

Have you had more expenses than revenue?