Hi Emily, I'd say Azibo, Stessa, REIhub are good rental accounting options that offer income/expense tracking, financial reports and tax reports (Schedule E).Azibo and Stessa offer business bank accounts.

It doesn't make sense be in a -$800 a month (at best) while paying a huge monthly payment with high property taxes.

In this case, how and when can we incorporate those expenses into our taxes? 

The VA charge is $6 per hour, there are "skip tracing" charges, and you pay for all your marketing, etc, etc.When I requested a cancellation and refund I received an email from support that I was past the 3 day cancellation period. 

Also your cost associated with holding (utilities paid by landlord or tenants, taxes).

California for example taxes, HOA's, Sale prices all seem to eat any cash flow right out of the gate.

No W2, tax returns etc.

I feel like if I pay 15% bonus taxes, I should be able to write off my car I drive for my business haha. 

Is it real that you can save on W2 income taxes if you have a short term rental.

Just like your saved after- tax money in your bank is not taxed each year.