The third was a program on Self Storage which was highly informative and I enjoyed through AJ Osborne.

I'm enjoy the challenges of finding creative solutions through the numbers and negotiating what can work for both the buyer and seller. 

I enjoy teaching BP members how to use the system to save more money by using programs and taking advantage of loopholes.

Is there a pre existing loan with that bank with either of you?

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

RM (and most other good management software) does double entry accounting, imports bank info, has reconciling functions etc.

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!