Property depreciation claimed as a deduction on the tax returns may be included in effective income. 2.Income, ContinuedContinued on next page o.

This morning we went through a 16 page Property Mgt Co. contract with a bunch of questions and things that didn't sound right.

are there recommended contingencies to place in the contract , as it relates to wholesaling?

Nobody except me had ever read the 36 pages of our CCRs. 

If they have been paying their rent, and there aren't any expenses related to poor upkeep of the home on the tenants part, then I wouldn't be too worried.  

My partner and I are relatively low volume (3-4 projects per year).

@Felix L PerezThere is a lot to explain, so probably you should get with a tax accountant.The short answer is: expenses specifically related to this property (purchase, rehab, holding costs etc.) should be shelved until next year and deducted against the sale price.

Now from some of the things i read that could be because they do not want to deal with HOA related costs that could be past due, even if its 1k.

Also for rehabs, what software do you use to track expenses related to type of work completed (electrical, plumbing, etc), and what features have been important to you in your business to analyze historical expenses on rehabs?

I know there has to be no connection from the IRA to the investment (relatives).