How do you enter your vacancies in QuickBooks? Do you invoice without a tenant shown as a "Job" and leave the invoice unpaid?

Originally posted by Account Closed: Just curious, not challenging your statement but how does bankruptcy "demonstrates financial immaturity and risk" since: Bankruptcies resulting from unpaid medical bills will affect nearly 2 million people this year—making health care the No. 1 cause of such filings, and outpacing bankruptcies due to credit-card bills or unpaid mortgages, according to new data.

I was home for an annual family get together, and was asked to help the lady down the street move her things because she had recently sold her home.

@Basit SiddiqiThank you, I’m going to put my everything into it once I have a stable, decent paying job as an accountant.

Here's a summary of the economics.They purchased the property for $280,000 in 2004.The loan balance is about $178k.Monthly principal and interest payment is about $1,265 with $709 currently going to interestProperty taxes are $4,116 annually and insurance is $1,000.Currently the house is vacant for the sale so there's no rental income.Therefore, the monthly burn is -$1,135 (ouch).For the sale:Property was originally listed at $335k and they received 0 offers at that price. 

@Joshua KohlYou may want to consult with a tax advisor to make sure you have accounted for the eligible deductions and to make sure it was properly filed.Will you be living in the duplex?

Just like if your accountant does your taxes, there is no way the IRS will ever audit you and find you out of compliance. 

@Isaac Molina III Does the account contain any employer matched funds?

But am trying to scale up the volume that I am doing on an annual basis for 2019.Would love to hear others thoughts on this !

Should I create and EIN and a business checking account for the LLC?