With that being said anytime I was not doing class work and studying I was taking the time and reading about all things real estate and this past Saturday I learned about wholesales and was very interested so when I got home Sunday I spent the entire day learning about all things wholesale and was actually very confident in my ability to do this.

it was a one of a kind car wash at the time and I think that helped with a high appraisal. at time of the lower appraisal the owners were using as an umbrella company and showing  -$80,000 a year in income. we spent a little bit over half a million to replace and renovate all the equipment and customer lobby all in all. check it out on google, Cache car wash express and detail in Logan utah! 

Keeping detailed records of your time spent on property management tasks is crucial for documenting your eligibility for REPS.

Quote from @Bryan L.: In the past I used Quicken.

Security deposits are never to be spent, they actually aren’t yours to use, they belong to the tenant until after they vacate.

@Nancy E. what pecentage of the spent funds were authorized and the percent that wasn't approved?

If you have just purchased a property, it would be money well spent to have it inspected by a risk management consultant.

Hi @Chen Avnery, I spent years lendinging to commercial borrowers for commercial projects when I worked with banks then I got into funding developers and builders.

Last and most importantly, 99.9% of BP posters who are concerned with asset protection and/or believe anonymity will somehow protect them can’t even articulate what they are protecting against and that’s what leads to unnecessary time and expense spent on flawed asset protection practices. 

Unfortunately, most of the time this happens, the tenants have spent the rent money already and they end up moving:(Just some of the challenges of investing in gentrifying, Class C areas and why proper management is so important to minimize these challenges.