Thanks for the response, @Critter-3. I have included my understanding below, let me know if you recommend any changes?
Pro-rated common expenses (for Aug - Dec 2020 i.e. 5 months)
- HOA fees
- Property tax
- Mortgage Interest
- Home insurance
Repairs: Add as expenses
- Cleaning
- Painting
Improvements: Depreciate over multiple years (27.5)
- Kitchen upgrades
- Bathroom upgrades
- Light fixtures
