My BP account was messed up for 2 days so I couldn't respond to anyone.

I recently started a small scale real estate development company here in Pittsburgh, HeyDay Development.

It will help a lot if you understand accounting and how the statements are actually generated.

I will be start out on my real estate journey soon by working for a company and sourcing deals for them.

I am a current Senior at Catholic University of America playing Baseball and finishing up ny accounting degree.

Yeah, I think you may be missing an attempt at humor here....but then you are an accountant..... :-)

I hired an IRA-approved valuation company to value that note at that time.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

Some manufacturered companies treat it as personal property not real property.

As far as property management goes, I found a lot of the easy-to-get property accounts are the most difficult to collect and manage.