The vast majority of the properties go under contract before the rehab is done, however, the investor doesn't close until the rehab is done, an inspection completed and a tenant in place.

Hello BP,I am new to BP and have been delving into the vast amount of resources provided by this site.

The discussion here is that many of us are dealing with hundreds/thousands of transactions, and therefore Excel isn't sufficient for keeping track of finances.In your example above, regardless of whether it's one journal entries with 1000 lines or 1000 entries, the complexity is still the same if you're trying to use Excel instead of QB. 

I am on Bigger Pockets to learn how to turn my extensive contacts and vast experience in Insurance industry and ministry into a lucrative Real Estate empire one step at a time.

As I'm conducting more research,  I believe it's best to start off without forming a legal entity until I secure sufficient funding.  

I have a vast network of great people, and I am looking to expand that network with intentions of doing multiple deals in multiple locations with multiple people.

Joe Villeneuve there is sufficient room in the numbers and I've seen what this investor can do, so I'm comfortable there.

All of the comments about not renting to family is the right business advice in the vast majority of circumstances, although I do agree with @michele fischer too. 

It's sufficiently common that I have the max sales price in my area with exactly 3.5% down memorized -- $648,186 for a SFR.

I've spoken to a couple of agents, and I have not found anything that will provide sufficient return.And this week I had a thought (more than one, but one relevant to this discussion!)