Likewise, your annual or quarterly or whatever property tax payment is expensed when paid, if you're on the the cash basis (which most people are) but you've already counted that in the reserves.Here is what your accounting software probably shows in the month that you paid the property taxes.Rental Income - $1000.00Expenses:Insurance:               30.00Property Mgmt:   100.00Mortgage Int:        350.00Property Tax:        700.00   Total Expenses:    1180.00Net Loss                   180.00So what you want to do is dump this report into excel in order to reconcile it back to your cash flow.Start with your Net Loss Number and then make adjustments until you reach your cash flow:Net Loss:        180.00Add Expenses Paid from Reserves:Property Taxes:  700.00Subtract Other Cash PaymentsMortgage Principal: $150.00Amount transferred to reserves:  $80.00Net Cash Flow:  $290.00Cash Flow is a completely separate calculation than Profit and Loss. 

That is one of the paramount reasons we have licensing laws.Any agent engaging in such activities should be reported to the proper authorities.

There are more risks involved with this but you can get it done.

I would recommend you be present with the inspector to get a feel for the places and determine how much you personally wish to be involved with them.

I live in Lacey.Link to BP "Rental Property Report" for this project

Although it seemed unlikely that anyone would report me I didn't feel good about signing a statement like that and then using records that way anyway, so I gave up.

All-in-all, I think you'll do better than what the report shows. 

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

There are some properties with 10 bedrooms that really cash flow, but there are downsides and risks involved with having so many bedrooms in a single family dwelling.I am actually working with a client right now to find him 2 properties by McMaster.

unfortunately already used my free reports quota