@Ricardo TorresRegardless of how a loan is listed/structured - if you are collecting income/revenue - It needs to be reported on your return.If a property is converted from a primary residence to a rental - you get to start writing off expenses against your income.There might also be a window before you can do a 1031 exchange.Best of luck

Cracked or completely broken windows.2.

The most labor intense part of the project was repairing the original wood windows.

My attorney sent me a document for getting properties under contract with sellers and it's the essentially the full 18-page Colorado Contract to Buy and Sell Residential Real Estate. 

Bark, bark, bark every minute I'm there.When the owner's not there, the dog just looks out the window from the couch at me, and when I open the door and come in, she comes over for a pat, and then walks back to the couch and lies down again, looking out the window.

Otherwise, you'd have to hand over your personal records and show which income/expenses are attributed to the investment property --- potentiall awkward to say the least.Also, don't forget that all but one conforming residential loan requires owner-occupation. 

You would never do that in a cold climate because you are stuck scraping ice off windows, brushing snow and may even have trouble starting the engine if it is too cold outside.

In the end the tenant admitted to something regarding laundry, I forget what, but doing way more laundry....bottom line, tenant increased their use dramatically. 

When I asked this, the PM is saying that if its just a matter of $300-$400 I should just forget it and its not worthwhile hiring an attorney unless damages exceed $1500.

For example the property has reserved parkings and storage spaces, I could see that in Resman these items have not been added to the "Rentable Item" window and it's difficult to track their vacancyThe general Ledger seems to be very messy too, there are more than 1000 sub-accounts, some of them look double or triple, and almost none of them are used.Do we have to keep all the sub-accounts since the construction of the property as an archive, or can order be made there?