You can tag/categorize once a month to keep organized so at year-end all you need to do is turn in an exported schedule E report to your CPA. quickbooks requires alot more training and is not intuitive to setup for rentals and doesnt have the functionality built out of the box like quicken.

@Michelle McAlister DP is a function of risk < 5% down.

Most critically, homebuyers typically need mortgages, meaning they are bound to what the appraiser says the home is worth.

Why don’t you just refrain from commenting if you’re just gonna criticize me?

Make sure you take good pictures, this is critical and could mean the difference between renting quickly and sitting empty. 

The professional and comprehensive handling of your reservations is critical if you want to maximize your investment in your vacation rental business.

The holding company's only function is to own the operating company.

Maybe the family will see you as a critical partner in saving the family house and you can be the GC/Manager for a reasonable profit rather than a $200k loss.Good luck!

I have had various feedback from praise to criticism on the model I use as I invest in real estate.

Know ALL the Costs to Flip that HouseAnd here:  Carrying Costs on Real Estate InvestmentsQuick tip for you... use the search function at the top here on BP and you will find info on any subject you are interested in.