You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

You can use some of the good apps recommended by folks here or do a basic Excel spreadsheet identifying all the monthly re-occurring expenses you have. 

A common and reoccurring problem is that the title searches and due diligence are delayed due to town hall closures or reduced hours.

With that being said majority of real estate commission must go in my pocket and there must be a clear way to allow me to work at greater than 100% commission each year with opportunity to receive re-occurring income -deal breaker: mandatory meetings that are frequent, majority preferred vendors i.e, lending, title, attorney, home warranty etc. 

This allows us to automate where transactions go and we create reoccurring depreciation entries so they can see what their return will most likely look like. 

The real issue that can and has reoccurred more than anything else IMO is that the original seller cannot just waltz out and get a new loan after their credit has improved.

This has been a reoccurring situation over and over again and it’s getting me frustrated and I’m starting to question what exactly am I doing wrong.Thanks in advance.Hey Khyree, any luck locking up any properties?

Once that was set, all reoccurring transactions were automatically categorized.

For example, if you don't specify if a certain item is reoccurring or 1 time, you can't collect it.

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!