I know of a handyman company that started out with the person that runs it being shown how to invoice and get proper insurance.One can impact the physical neighborhood in a positive way.There is also the chance to make environmental impact with water saving devices, lower wattage bulbs, maybe even solar panels or charging stations for electrical vehicles.

I'll spare you that math, but TLDR is to be honest with the IRS about your income, and if you've got one-time rehab expenses then keep all receipts/invoices. 

As for your real question, we track gross rents via a gross-to-net invoice. 

If you like, you could send me the before photos and invoice, just to see what my guy would have charged?

Since THAT involves some kind of maneuvers that look too much like money-laundering (generating fake invoices that plastiq 'needs' to see, for services not really rendered, etc), I'm not doing that.

They also pay outstanding invoices first, then disburse the remaining funds minus any reserves or tax payment holdbacks. 

Due to the appraisal and other factors, I had to terminate the deal.However, after a week, the bank that I was using is sending me invoices for their lawyers and other costs that they incurred when working on the deal.I certainly wasn’t anticipating them charging me for every little thing from their end.Is this normal practice?

Are you manually creating invoices in something like quickbooks as I am doing now?

Innago does everything that we need it to: communicate with tenants, listings, applications, leases, maintenance requests, invoicing, and rent collection...

Owner's invoices will be auto populated versus manually drafted.