When I was long term renti g and the tenant paid last months rent up front and I had to count it in the year I received it not the year it was used for, but the tax guy is saying something different here. 

Rental income won't count towards this calculation. looks like only the brokerage income will.

Any time you're dealing with rentals, you can count on some problems.

Im in the same boat. but I sold mine today. 45 days and counting...

Are you going to have a Debt to Income issue because unless you have other rentals, the bank will more than likely not count this income form the property for you.

I remember reading that I can simply complete my normal tax form and that will also count toward my single member run LLC.

@Brandon Allen MowerWith your FHA purchase, I believe you can use 75% of the rents to count as income for your purchase.

Hi @Jake O'Connor, I am from Melbourne if that counts? 

I know the IRS allows for "temporary absences" (for example, seasonal absences) but I'm not sure this would count. 

Some lenders have different guidelines, but where I was at if you could prove an expense was paid by your business for 12 months you didn't have to count it against your personal DTI.