Have also posted this in PL. I am trying to get things set-up right. Does anyone have or know of an Excel spreadsheet based template for keeping track of the bookkeeping on a note? I am also interested in any quirks involved in owning title subject to a land contract. For example, since I own title do I also take depreciation? In other words, assuming that someone files a federal tax return how do you account for the activity during the year — the things beyond what the servicer reports?
