I truly appreciate you sharing your knowledge with me.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

Very knowledgeable.

Walking the property or having someone you trust, is key to make sure you have full visibility and knowledge. 

I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate.

Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

We usually have 1-3 jobs going on at any point in time and I try to swing by at least every other day.

For your rinse and repeat househack plans, discuss this with a knowledgeable lender.

As Jay mentioned, massive power requirement that will not get cheaper in time, and along with large water requirements for cooling the rack systems, so targeting locations that provides these necessities is key.