My rules are legally accepted and their IP address recorded so I don't do any lease signing.

Look for reviews and a track record of closing. 

Run a full background check to see their credit score, prior evictions and criminal record.

But since private money is relational based versus purely collateral based, you'll need a track record to prove yourself.

I spoke with the seller and got information about the house that is different from what I found in public records.

Hi Everyone, I'm trying to get some info on recording a second position lien/mortgage on an investment property in Texas.

I create granular cogs categories and record work-in-progress as Cogs. 

License numbers are generally public record.

Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.