Chances are, that person will have a chart of accounts they will want you to use to keep things straight and to report back to them.  

Additionally, being able to detail out each unit of the rentals (ours are MF) and even attach leases and other documents is key.Lastly, is you take your time to split up the closing cost wire transfer in the system, you can keep the closing costs separate (Capital) separate from other transfers (Escrow, rent, etc.) and therefore keep your cashflow reporting accurate. 

Reporting more income will also help you qualify for larger loans in the future.

Many tenants do not report a leak under a sink until much damage has been done. 

Fortunately he also had some report dings so I was on firm footing denying him.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey Everyone.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I have the police report on my kegorator.Someone left an abandoned car in one of my back yards, The city was going to fine me $100/day.

If you brought two hundred thousand dollars to a title company in hundreds they would probably not accept cash, and fill out a SARS report.

All activity of the property is reported on the schedule E of your tax return.If that's the case then you and your LLC are interchangeable as far as the 1031 goes.