[Landlord US-NY] Baselane/bookkeeping question about closing costs
New landlord here and I'm trying to set up my bookkeeping as well as I can. I'm in the closing process on a 2 family property and I'm trying to figure out how best to categorize closing costs. Right now I'm using the free version of Baselane and the closest category option I see is "Down Payment" which seems different than things like lawyer fee, title search, etc. Is there a best practice around categorizing closing expenses?
I've got this all in a spreadsheet as well but I'd love to make sure it's tracked somehow in my bookkeeping software so that I can get an accurate running picture of the all-in performance of the property.