., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.

FSBO routinely do worse.

However, houses are frequently, almost routinely, removed from the sale process when the borrower makes a catch up payment or two or when the bank perceives some risk to a sale meaning that the property may leave a deficiency.

Operating expenses are routine and necessary costs to keep the property in its ordinary operating condition, and they are typically deductible in the year they are incurred.You also mentioned the benefits of classifying something as an operating expense versus a capital expenditure.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000

Sale price: $112,000

One more wholesale deal in the books. This one was special because it was completed with a...

Nothing fancy just bare minimum with the cheapest material.

Get yourself a fancy CRM system to handle all that precious investor data.

[Your two scenarios want us to assume a theoretical (read: fanciful, unicorn) same interest rate]...

You can buy something like a cheap Arlo camera system at Costco and pay for the Internet connection in one of your units.You could ask law enforcement to do routine drive-bys or safety checks.

They mislead their potential clients by masking the fine print with fancy marketing with awesome photos of money stacks,videos etc.