I don't think it really matters what you record in QB if you need this for taxable income purposes, your accountant is going to make whatever adjustments they need to make anyway.The only depreciation tracker I use is the fixed asset schedule my accountant provides with my tax return.

To me scoping the line would make sense.  

After COVID, we decided to make a change.

In an effort to make sure they do hold up the referral fee would you have them sign a referral agreement?  

As for myself I have been self managing for a few years and continue to learn the processes that go with management. 

Especially in high priced markets were married couple gets that 500k tax free.. do that a few times in your life that will make you more money than most rentals at 200.00 a month cash flow.

To make it easier on both parties, I would simply make the introduction and if they go under contract I will set up a referral fee with the property owner to pay me for the introduction. 

At $700K for some of these 3 families, the numbers simply don't make sense.

I'm new to the investing world and am looking to utilize some home equity to make a purchase by end of year.

Development is a complex and often strenuous process.