The quick read
Key points
- Date and identify every source.
- Label forecasts and missing evidence.
- Keep proposals outside actual books.
Identify the decision and sources
Create a dated file for the property and list the documents you have actually received. Separate seller statements, leases, expense records and your own estimates. Record the source and date of each figure so another reviewer can see its reliability.
Define a comparable period
When comparing with your existing rentals, use consistent periods and cost definitions. Explain vacancy, renovations or partial-year activity. A premium property, a new market and a familiar rental can have very different source completeness.
Keep assumptions visible
Label estimated rent, repairs, financing and value separately from historical records. Note the uncertainty and who will verify it. IQ’s existing-book reports can supply comparison figures, but they do not appraise a prospective property or predict returns.
Get the right review before committing
Use qualified property, finance, legal and tax professionals for the relevant decisions. Do not create booked income from a projection. This guide is a document organization method, not an investment recommendation or ranking of markets.
Before you finish
- Date and identify every source.
- Label forecasts and missing evidence.
- Keep proposals outside actual books.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.