You can even include bank records to show that the money was deposited into your account(s) (my idea sounds drastic but the mortgage company I worked with asked for tons of paperwork from me because the lending bank had requested it - some borderline ridiculous).Prior landlord/ownership experience definitely helps when shopping for a loan. 

@Jim JamwantGreat answer from @Linda Weygant However, you can get fined for not filing 1099s and have you or your accountant explain to the IRS why you don’t need to supply one which will be frustrating and expensive.  

Payoff amount good through"______"Daily interest per diem" $________plus wire instructions and our notarized signatures.On the 17th of the month, they wired money to our account - in the amount of only the principal due, MINUS one day's interest!  

Originally posted by Account Closed:As you might have known Facebook ad's have gone HORRIBLE in the past 6/8 months.

Depending on if any review is open with the servicer currently and history of the account, a postponement may still be possible. 

He pays the rent to me from his checking account and he also paid the security deposit.

On a rental, find what the property would rent for per month, multiply it by 12 (annual Income) and then subtract taxes, insurance, holding costs, (whatever else you account for) and divide by your offer price to get your net ROI.

One way is to personally fund the business checking account and pay the mortgage every month that way.

File Form 3115 instead since it doesn't require amending, you can file it at any time and you'll get your catch-up depreciation credited to your taxpayer account within 30 days.

Hi Account Closed - fair points.