Youll need to adjust to the new reality.

Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

I've had similar experiences with insurance companies inspecting my rental properties after purchase and making specific demands like repairs or adjusting deductibles based on their findings.

But ultimately you'll need to adjust the information for your local opportunities. 

Losing $800 monthly is going to KILL you if you don't adjust.  

My initial rate back in June was 6.99% although it's adjustable and has gone up since of course. 

That determination can only be made by an licensed adjuster for the Insurance company.  

He wanted the appraisal to be high for a loan.The county had a much higher valuation.He went with the appraisal and his charm.They accepted the appraised value and adjusted the tax bill.

Family First Credit Union can give you a 80% LTV loan with a 7 year adjustable rate mortgage for something like that.

I've only had to do 1 and it was several thousand.....I would take a real hard look at your numbers and re-adjust your offer accordingly.