I have to do a little extra work at the end of the year to give the numbers to him in a nice format but there's not much to it.I don't think I'd get quickbooks just yet if you only have the one property.Basically, all you need to do is track your payments (i.e. expenses), rents, and taxes and insurance.The columns I put in the spreadsheet for expenses are:1) House address (Crete - Dale Dr)2) Date of transaction3) Brief description4) Amount5) Account paid from type (i.e. cash, check, credit card)6) Check number (if checking)7) Account number or bank name (last 4 of credit card or bank name)8) Vendor name (i.e paid to).

You can even make some contacts with the people that leave their business cards up.

We moved her in last Thanksgiving time and she is the ONLY tenant that has ever sent me a Christmas card.

Business cards, post cards, door hangers, and even a website.  

Now decuct any payments that would appear on your credit (car payment, student loan, credit card min payment).

I have attached copies of the tax bills we paid on your behalf for readers to do their own investigations. 

You can still get a "business credit card" but it will report to your personal credit and not build a credit report of its own.

If the credit card was not a Wells Fargo credit card, write a letter requesting a goodwill adjustment (google goodwill letter to creditors for ideas).

You may own it, but it isn't you and you aren't it.That being said, a lender will generally make the MAJORITY shareholder(s) personally guarantee any loan or line of credit if the business isn't well established.Case in point, after about a year of operations my C-corp got a VISA card to simplify cash flow logistics and purchasing.

And if it is a check credit, line of credit, or credit card, did you know you can be liable for eternity with the only way to release your obligation is with permission of the primary account holder?