LLC or other entity).The main determining factor of whether it's going to show up on your credit report is who the lender is.

My personal experience:  I tried using QuickBooks years ago, but found it not that real estate friendly for my purposes. 

It also depends on your other activities, do you do many flips or developments, or your portfolio is mainly buy on holds?

I think my main goal at this point is not squandering a good opportunity (if one exists outside of keeping our properties). 

My main question is how to do the bookkeeping for this property?

They finished the remaining 2% of the work mainly by just painting the exterior and fixing the pool.

My grandfather has been a stockbroker for most of his adult life and semi-retired to a part time broker in his home office, living mainly on his own stock portfolio at 37 years old (1964). 

The purpose of this forum will be to give practical solutions vs pulling the "crash n crush" alarm like a previous thread.

I'm purposely playing devil's advocate here, just want to do what is fair, and since I'm new to all of this, I'm looking to experts like you to help me think through it!

I wrote the above for informational purposes.