Yes, that's the way to do it, but I wouldn't rely on a property manager or realtor for that.

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.

Purchase price: $330,000 Cash invested: $360,000 A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit.

You can really do that?

Do you prioritize equity growth or cash flow in your investments?

I know people who do this and I do not believe there are issues with it, but speak to an attorney and they should probably notify the company if they are an employee of that company that they are doing this.

For a land cost of $150k, how would you think about how much the completed home would need to sell for to make that land cost worth it?

And what state and town is it located in?

Even if they do 85/15 your going to have to leave money in it.  

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?