[Verse 1] Sarah owns a duplex, rents the second floor Monthly payments flowing, steady income core Interest from her bonds, dividends from shares Property income streams, building wealth with care Calculate the gross, then subtract what's fair [Chorus] Interest, rental, royalties three Property income, calculate free Deduct the costs that make it run Maintenance, taxes, depreciation Net income shines when work is done [Verse 2] Mortgage interest paid on rental property Deductible expense, reduces what you owe Repairs and cleaning, utilities you cover Property management fees, insurance discover Capital improvements though, different story flows [Chorus] Interest, rental, royalties three Property income, calculate free Deduct the costs that make it run Maintenance, taxes, depreciation Net income shines when work is done [Bridge] Personal use portion, split the expenses clean Business versus personal, keep the records keen Vacant periods matter, timing income right CCA on buildings, rates applied each night [Verse 3] Oil wells and patents, mineral rights below Royalty payments, let the revenue grow Bank account interest, compound year by year Trust distributions, beneficiary clear Source deductions noted, T-slips crystal clear [Chorus] Interest, rental, royalties three Property income, calculate free Deduct the costs that make it run Maintenance, taxes, depreciation Net income shines when work is done [Outro] Property income mastered, CPA knowledge gained Calculate with precision, professionally trained
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