Any particular items you are needing help with?

To calculate these expenses, one needs to review the T-12 operating statement, which provides detailed information on past expenses and helps estimate future expenses as the new owner.It is important to analyze the statement for inconsistencies and missing items.

When he does find a minor item, no title insurance policy, bonded attorney opinion, or warranty is going to satisfy him.

Since you bought the property in December 2024, your components fall under the old schedule, meaning 40% bonus depreciation applies in 2025.You’re right that building structure doesn’t qualify, but items from a cost segregation study (like appliances, flooring, furniture, and landscaping) still do, just at the 40% rate.So even though your placed-in-service date is May 2025, the purchase date controls eligibility for 100%.

Did you provide itemized list of damages.

As for items being refilled, my cleaner lets me know when items are running low in supply.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

@Sean Leahy QuickBooks Online (Plus) can actually do everything you've listed here. 100% of our clients are on QBO, and 100% of our clients are REIs.If you want a software that has a lot of tenant-focused features such as allowing them to submit maintenance requests and other items, you'll need a PM software like some others have listed in this forum.But, for the bookkeeping/accounting needs you've mentioned, QBO works great.

Sounds like a small amount and should have budgeted for items such as this.I would focus on raising rents on the two units that are rented for under FMV. 

Storage of items in or on the premises: Items stored shall be at least twenty-four (24) inches from the heating system and the hot water heater.