Could you also carry forward rental income losses to the next property?

What would be the gains and losses from this and who would I talk to about doing this?

After a few months with a property management company, they have made a few mistakes: - Forgot to resolve a broken item in the condo for the tenant, with no communication about the fix/progress for over 2 months- Miscommunicated rules of the lease to the tenantWe’ve also received feedback from our tenant that they aren’t very happy with the tenant-side service. 

Their poor business approach actually increases their losses over raising rent to full market immediately.

If you create your chart of accounts in an excel list you can basically download your banking in excel format and quickly classify transactions with consistency.From there you can sum each account and quickly run a profit and loss report.I like QuickBooks because as I grow my portfolio I have all the functions I need and I can run year over year reporting.

You can't really help at that point.Once an owner's file hits the lender's lawyers' desks, that owner is going to have to either fight foreclosure (which is expensive and a big pain and arguably futile) or try to work with loss mitigation to get a short sale through (or pay off their note!).

Mitigated loss.

Mitigated loss.

How much you will be charged depends on several factors.Are you investing in a state with a complex tax return/tax laws.New York, California, New Jersey have slightly more complex returns/laws than say Pennsylvania or Maine.Are you generating a loss from the syndication which requires complex NOL/Passive loss carryforward forms. 

If rental income is just another line item on the calculation then I think I can come up with the number.The next related question is what overall DTI does a typical underwriter require for a loan on an investment property or does it even matter if the property is rented and I have a signed lease?