The bigger challenger with this arrangement is finding contractors that have the financial wherewithal and general professionalism to submit true invoices for work completed and willing to let it sit out there for sometimes 2-4 weeks until the draw comes in to be paid.  

For the home loan, if assuming it isn’t an option with your current income, you might consider using some of the cabin sale proceeds as reserves or paying down debt to improve your financial standing.

It's a great idea to put together a single document summarizing the financials remaining properties (which I manage remotely) and teach her about commercial leases.

It made financial sense for the banks to abandon the properties.

Weeks went by.The Vendee lender's agent seemed pretty much like dealing with any mortgage lender - asking for all our financial paperwork, taxes, etc.  

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

I'm currently listening to Real Estate by the Numbers and just learned about Personal Financial Statements.

Hey @Brody Veilleux, absolutely, QuickBooks Online and other software that have a "bank feed" feature allow you to connect as many financial accounts as you like and the transactions flow into the software automatically.We use QuickBooks Online exclusively for all of our REI Clients.

My company does financial analysis and research on REITs.

It was an effective strategy to keep the project moving forward while maintaining financial liquidity for other investments.