@Jason GriffinRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

Modesto hadn't crossed my radar before.

You will get the deposit when the transaction settles and you don't want the tenant coming back later saying it was more.Try to get pictures of the property before the tenant moved in to establish move-in condition.

Quote from @Jake Little: @Erik Estrada Primary Residence :)  Conventional Fannie/Freddie will require 12 months for cash out transactions.

If the seller is in a position where they absolutely need to close, we have transactional lending that we use for anywhere from 48hrs to 30 days.

This quick and profitable transaction showcased our effective strategy and the strength of our partnership with Ed, highlighting our ability to deliver outstanding results through strategic investments.

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

So I set up multiple bank accounts in Relay with my EIN number that way all transactions flow through the same account. 

.% Paid in Cash: Cash transactions made up 22.8% of sales, a slight decrease from last year's 26.1%.