Security Deposits / Escrow: If you would like to use Baselane for an escrow account, you can simply open another sub account that is separate from your day-to-day activities.

It simply states that 50% of the annual income will be taken up by operating expenses.

Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.

Generally, reporting companies must provide four pieces of information about each beneficial owner:name;date of birth;address; andthe identifying number and issuer from either a non-expired U.S. driver’s license, a non-expired U.S. passport, or a non-expired identification document issued by a State (including a U.S. territory or possession), local government, or Indian tribe.

For analysis, you need to identify a market that interests you using tools like AirDNA, Mashvisor, Pricelabs, etc. 

Soo in the class I am reviewing they are teaching us to undercut deals brought by brokers, but once we refi a property and pay off our partners wouldn’t we simply become the very targets that we were after 5 years ago?

I don’t need to sell Joel, I am simply stating my opinion and my personal interactions.

and appreciation is simply the cherry on top!

Assets identified in this study include:Appliances: Oven/range, dishwasher, refrigerator, washer/dryer, microwaveElectrical and communication systems: TV connections and dedicated equipment outletsCabinetry and CountertopsDecorative light fixtures: Sconces, pendant fixtures, chandeliersInterior Finishes: Crown molding, wood panel wall covering, window treatments8.20% of the total depreciable basis was classified as 15-year class life.

The home has to be listed on the MLS in order to do a bridge loan or you simply do a cash out refinance.