I'll track any income and expenses that come up and allocate to the property via excel.I usually invest the profits rather than keeping it inside a bank account, but I will keep a separate chequings account per property to deposit funds and pay HOA fees

It also allocates billions to other progressive efforts like renewable energy and nonprofit arts, as well as workers who don't qualify for federal aid because of their immigration status.By the numbers: While New York state income tax rates will rise and new brackets have been added, making headlines is the percentage New York City's ultra-high earners will have to pay.

Since I am an investor with several LLCs owning property, an umbrella S-corp to own all of the LLCs may be the best way to allocate income to the most advantageous taxable income category.

I think we might see some allocation for these plants if this lack of rain continues....

However, your accountant should have already set it up when you placed the rental into service for purposes of depreciation and expense allocation.  

You are allocated only 24 hours in the day, and once those minutes are "spent", they are lost...never to be recovered.Time is a huge part of the "investing" part of REI.

Here are a few things to consider:As mentioned previously, be sure to allocate a larger percentage of your gross rents (i.e. 10%+) for CAPEX and repairs. 

And you can allocate the cash in anyway you want. 

Since most private note lenders cannot borrow the funds to make those loans, however, this same concept would likely not translate to a note investment.... and frankly, there are a lot of folks out there who just say "sure, so long as you keep everything property allocated, there is no problem."  

. ($670,000 pre-approval)          - Problem: After down payment and money being allocated to other areas, I will not have an extra $50,000 for renovations.