It can be easy to think I have them down, but the test comes when getting into a deal.I really appreciate the great points. 

Where I work that’s not a problem at all and most other places really aren’t tracking how you spend the money so long as the payments are on time.

We have pretty tight underwriting in Canada and it just got even tighter June 1 with new stress test rule.  

But most importantly, lenders will demand a certain level of rent and net income, with a track record typically of three years at that amount.

@Andy Mirza check out NRTT - National Real Tax Tracking, for tax monitoring services.

I track all my income and expenses in excel.

Just recently passed my license tests and was wondering if anyone has recommendations for brokers that are better for part timers.

But if you live in more than one home, the IRS determines your primary residence by:Where you spend the most timeYour legal address listed for tax returns, with the USPS, on your driver’s license, and on your voter registration cardThe home that is near where you work or bank, recreational clubs where you’re a member, or other family members’ homesThese are simple tests, but it can get more complicated for a homeowner who has more than one home. 

Thanks,Luke Yes, keep the record to track the basis of the property for your side.

Regardless, we're in a small town and he could track me down five ways to Sunday without any effort.