If lots, then keep good records for contributions, draws and equity splits.Revenue:Rental IncomeOther IncomeExpenses:HOA FeesMortgage InterestProperty InsuranceProperty TaxesRepairs and MaintenanceProfessional Fees (such as accountants and lawyers)(Anything else on Schedule E that you doOther:Interest IncomeFlipping Business should include:Assets:Cash AccountsMortgage Escrow Account (if appropriate)Projects in Process (one for each project, ideally)Tools and EquipmentDeposits and Prepaid ExpensesLiabilities:Accounts PayableMortgage Payable (one for each property)Other Loans PayablePayroll Tax Liabilities (as applicable)EquitySame as aboveRevenue:Property Sales RevenueCommissions Revenue (if applicable)Cost of Goods SoldProject ExpensesExpenses:Most of your job expenses will be recorded in Projects In Process as an accumulated asset and then moved to Project Expenses when you sell the project, so there's no real need to separate out expenses such as Materials, Subcontractors, Holding Costs, Utilities, etc.  

Then the HA will schedule it for an inspection.

Similarly, I would figure out my GSR (gross scheduled rent) without taking out vacancy, instead add 8% (or more) vacancy as an expense and rework my PM costs.So what is this property worth?

Send me a private message to schedule a time. 

Name a time that works for you and I'll make it fit my schedule.

If the buyer of your home uses the property as a main or second home, you must also report the name, address, and SSN of the buyer on line 1 of Schedule B.

CA city rental ordinances (vary) and scheduled H&S inspections (for registered rentals) could be an issue if your tenant living in a mobile pod turned you in or the scheduled inspector finds out the pod is a rental.  

I can work hard enough to and try enough properties to offer on and hopefully a seller with accept, but I can never force it to happen.If I can achieve my criteria for purchasing on the schedule I have set, I have zero things that  truly scare or worry me (i.e.

Umbrella LLCABC LLC DEF LLC GHI LLC KLM LLCIf they are holding rental properties the are all disregarded and flow through to your Form 1040 Schedule E.

Through a strange series of events, without my boss being aware, I have got connected with his primary loan provider and have lunch scheduled with him next week.