This helps catch any discrepancies early and keeps you informed about your properties' performance.Budgeting and Forecasting: Create a budget for each property, including expected income, expenses, and reserves for maintenance or vacancies.

Such an agreement should detail how rental income and expenses will be split to avoid discrepancies and comply with IRS regulations.It's essential for both cousins to adhere to IRS guidelines, which require accurate reporting of rental income and expenses based on ownership percentages.

Many people sell, hiding tens of thousands of discrepancies to pass on to others.

I'm wondering about how the courts treat this - ie: say there are discrepancies in local (in state operating LLC) vs that out of state holding company's treatment of the laws - is it a simple, appeal process to get a matter into that holding company's courts? 

A theory on the discrepancy may be that the landlord added late fees ontop of the late balance that they thought was uncollected. 

The last fund I worked for who pulled and analyzed AirDNA found a lot of discrepancies and false data.

@Aaron LindenYou are welcome.....and yes, thanks for pointing out the discrepancies within neighborhoods.This is especially so if somebody chooses to invest in some C and below areas where the lure of cash flow may look good on paper but the headaches more often than not may eclipse the perceived returns.

There are some key discrepancies in the report I would like to point out.

A few thoughts:- Regarding the estoppel certificates = I'd get the completed/signed certificates before the final walk-through so if there's any discrepancies or issues you have plenty of time to resolve them before closing

Thank you for the tip on the closing statement, I think it's important to explain any reasons for a discrepancy in terms of an offer.