Find your Why by Simon Sinek might be a good place to start help understanding that a bit more. 

@Joshua Simon : I sometimes "cross-capitalize" some of my properties in the way that you describe (pull money from one to pay for another.)In your specific case, I would say that you're actually bringing 75K into the deal, not 0, so you can compute your CoC return based on the 75K going in.Also, I would still account the borrowing cost against the property your borrowed from.

@Simon W. 

Quote from @Robin Simon: Quote from @Lyndsay Zwirlein: Hey Lindsey!

@Alison Horton @Simon Stahl @Solomon Young Wanted to make sure I @mentioned you.

I'll be reading some Simon Sinek, Gary V, Seth Godin, John Piper, & Ravi Zacharias to balance out the REI books.Cap rates really depend on location in Maine.

@Miranda Simon.

Clayton there is a Paul Simon song   50 ways to lose your lover.. well in rehabbing houses there is 50 ways to lose your money.Even though you may get some savings on materials with a builder account like we do.. the real savings is in labor and doing the job right the first time and time efficiency.. if your rehabbing lets say 20 to 30 homes simultaneously  IE pretty standard production line for a above average turn key outfit.. the homes are in various stages of course..

@Simon CampbellI've thinned it to about half with water.

Here are my thoughts on why to use software:To view your financials for each property that is Profit & Loss and Balance Sheet for each propertyTo easily compare monthly, quarterly, yearly reports to see where you stand for each propertyTo make it easy not only for tax time but for you to grow your businessCost segregate your expenses and improvements to accelerate your depreciation Easily see when you purchased HVAC, washer, dryer etc and my list goes on@Simon W. which software would you recommend for REI?