Looking forward to hearing about your progress—feel free to reach out if you ever want to brainstorm or chat!

So I would really focus year by year and see you're making tangible progress, but more importantly no moving backwards.

Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.

How often will you receive progress reports?

During the “funding tour” in Spokane, besides the ones we could buy, we were also shown a couple of houses in progress, purchased by people in previous Inner Circle classes, and one house that was finished, ready to sell.

The existing number of vacation rentals are so far over those caps that anyone who gets on the wait list today will likely wait 5-10 years before they're up for a permit.I do think this is the natural progression of what is still a relatively new industry.

Most of us enjoy progress, we like to move the needle.I technically retired in 2015 from my W2 job on rental income.

@Ricardo Matos yes, i think they are still processing the applications that were in progress, but not accepting new ones. 

QuickBooks Setup:For flips, I’d use the following accounts:Flips in Progress (Inventory)FIP - Purchase PriceFIP - Buying/Closing CostsFIP - Rehab CostsFIP - Holding CostsFIP - Selling/Closing CostsReal Estate Cost of Goods Sold (COGS)COGS - Purchase PriceCOGS - Buying/Closing CostsCOGS - Rehab CostsCOGS - Holding CostsCOGS - Selling/Closing CostsAt year-end (e.g., Dec 31, 2023), move flip costs to inventory and back into COGS on Jan 1, 2024.

Looking forward to seeing your progress!