Are You Planning to Rent Out Your Second Property?

I'm not really sure where to start in terms of accounting for that within my own records and taxes and everything. Are you planning to rent the property out or create income from it in some way? Yes. We would have to build on first, but the plan will be to rent out the eventuality. So when you start creating income, that's when everything becomes complicated. All of the same accounting rules apply that would apply to any US based real estate.