Don't DiscriminateRejecting applicants based on an "all entries" approach to their criminal background could be considered arbitrary discrimination.

and separate entry doorway. 

Really people come here for cash flow, lowe entry point and security.

The approach your bookkeeper is suggesting involves moving the costs to COGS, creating COGS account for each type of expense (ex: framing, HVAC, etc..) and booking a journal entry at the end of the year to move COGS to an asset account since you have not sold the property. 

For entry and smaller portfolios, I always recommend Cozy or Avail.

So a house that is split 3 ways with owner and 2 roommates would have the common areas allocated as 1/3 personal and 2/3 rental.Figure that out as an overall percentage of the house and then do data entry into those fields as appropriate.

I like smaller, more rural markets because the cost of entry is lower and competition is usually less fierce.

I don't think there's anything in their apt that would require entry with a regular cadence.

I will preface what I am about to post first by saying that I have access to quite a bit of private capital and a great relationship with a lender but that I want to do this the "right way" as I am looking to scale this and help others that I care about building wealth.The "Bad": I've identified multiple markets that have large barriers to entry including a limited supply of homes on market, significantly inflated housing prices.

Entry points starting at around 90k.