You need reports for taxes:   sum ALL rent collected for the prior year for your prop management s-corp 1099. 

The IRS says to keep records for your business tax deductions indicating:What you boughtWhen you bought itHow much you spentIt doesn't mention requiring paper receipts at all.

I also did get a separate credit card to use just for house expenses.This makes it a whole lot easier, especially if you misplace a receipt when doing taxes.

@Ran Fridman the main issue most owners run into early on is that whatever tool they are using for accounting isn't robust enough for tax time.

I'm more concerned about other lender liens, not worried about water or tax bill. is there an online website that gives all liens guaranteed?

When I show my rental to potential buyers I give them 3 years of rental history with the average utility expenses and what I paid for taxes and insurance over those last three years as well. 

land flipping is not real complicated in grew up in the business.you simply buy land usually at tax sale.. then sell it on terms.. usually very remote property.. 

I'm interested in investing in Idaho, but I have zero experience with Idaho taxes (or state income tax at all for that matter).Questions:I've heard that property taxes in Idaho are higher for out of state owners vs. residents (i.e. a house could cost $2K in annual taxes for a resident, but may be $3K for an out-of-state owner).

To find competitive pricing, look into the rental prices of nearby multifamily properties that are comparable to yours.Take into account all of the running costs, such as insurance, maintenance, taxes on the property, utilities (if not individually metered), and, if necessary, property management fees.Take into account the principle and interest payments associated with your mortgage.

A lot of markets in the Midwest offer lower prices, cheaper taxes and are landlord friendly as well.