Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

A few additional savings hacks I layered w insurance, was to move deductible up and find break even sweet spot on annual premium.

I'm unsure how to stop this, but governmental action in this case I think is justified.This is probably a common problem in a lot of areas and could somewhat easily be addressed by special tax levies at the county level on any entity-owned and out of area absentee-owned residential property.  3x their property taxes and action will be taken in addition to much less purchases going forward.  

But if I include equity gain that bumps up to around 16% on both(have not deducted for vacancy/repairs).

I think you would find a hard time getting a low deductible AND a low premium...really from any carrier today.

Given that the down payment was financed on a HELOC, we need to deduct interest on that as well.

Usually, the FMR includes the utility allowance which would need to be deducted in order to come up with actual rent. 

As far as deducting all those losses (repairs and maintenance) - you may be about to learn something new here as well.

Between 1998 and 2004 B claims depreciation deductions of $4,800 attributable to the antiques business.

Living in the property may limit your ability to fully deduct expenses or claim depreciation on your taxes.Ensure you fully understand the financing implications of moving into a property owned by your LLC.