Create a new Balance Sheet account, name it something like offset, and use that account, which will end up as a negative amount, and the total amount will be zero on the BS.What you want to do is create subaccounts, so you can pull a summary report and then collapse the rows in QuickBooks Online.

Actually, it must have been at the same time we told him about the ceiling collapsing, because I know we lived in it with the 2nd bedroom unusable until we moved outTurned out he scammed us completely. 

Not leaving yet, but see the danger Of Proposition 13 on commercial property being killed and vast number of jobs lost, or the radical Newsom winning the election and getting away with doubling income taxes (Venezula was a wealthy place with oil a few short years ago, now they have problems getting food and toilet paper, so don't think an economic collapse can not happen)   Why?

As i have been saying, decrease supply at a 2X rate to decrease in demand = price increase, not collapse. 

Has there been momentary value impacts, yup, sure has, we just recently went through what was labeled one of the single largest collapses in all of human history in real estate, and all values were recouped in full within 10 years. 

On the next episode of "How to collapse your own product by sending in new users to spam the most experienced real estate investors on the planet by telling them how good something is that is already being done by a million other companies after the CEO gets kicked out of the forum"...Another lesson in what not to do and how not to respond.

Company valuation and the cash flow that produces is great but means little against major war, bank collapse, hyperinflation, etc.

To the LLC topic, when we set up an LLC it means this:  include the State registration, pulling an EIN (optional, but to create a truly separate entity, should be done), put together an Operating Agreement (even if you are the sole member, because again, this is part of business formalities necessary to show in a court that you're intention was to make the LLC separate from you personally); and yes, you should open a separate business bank account for the LLC (because comingling funds in an account under your personal name is the easiest way for a suing attorney to collapse the LLC). 

An area of the house drained directly into the ground, and the other line was collapsed but then the owner didn't really want to fix these issues or not with any expediancy when he did. 

This is why also, in higher appreciation city, the appreciation doesn't really collapse although nationwide real estate market is tanked.