If I input 365 years on the system and allocate the expenses manually, I can get a loss. But if I put 245 days in, I cannot as expenses are always matching income, which makes no sense because I'm a Real Estate agent.
Being a real estate agent makes no difference at all. If there was personal use then everything is allocated. If there was no personal use, then your entries were incorrect because you should have said that business use was 100%, meaning there was no personal use once you started renting it.
However, if I insert the 245 number in, everything is allocated and I don't have a gain or a loss- I get the income to be ALWAYS the same as expenses, which is odd.
Read this:<a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc415">https://www.irs.gov/taxtopics/tc415</a>