We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use.

Would I set up an expense account for appliances 5115 and an asset account 1840?

I am totally lost on this. 

We will be having separate expense accounts for Furniture, appliances and Equipment.

I will have to show rent that we collect as revenue as well.

Any help is appreciated !!