You may pay a bit more and make a little less, but playing the long term game is key in real estate.The types of structures could be lump sum (one price) or cost plus (meaning you pay the cost of material and labor plus a flat fee—more of an open-book model).I see some investors who want to pay for ALL the materials, which is excellent for the investor (more control of finishes & cost) and general contractor (if they are getting paid well).  

You raise a good question, and probably an excellent one for a CPA.  

There're many excellent tax accountants (aka tax advisors, tax strategists, tax specialists and so on) who do not have a CPA license.

Thank you for helping to foster an excellent investing forum environment!

The property is in a city/town that is appreciating quickly, is in an excellent school district, and is going through continuous development.

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

I recommend checking properties on the west side of Cleveland, as they offer excellent investment opportunities with solid rental yields and growth potential.

PIN has excellent Everything reports that bank appraisers do use to assess the value of a property but you're better off working with agents in those markets and getting free current market analysis reports.

Even the cheap "cashflow" areas right now don't cashflow after real cap/ex costs, maybe on an excel sheet they do.

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.