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!

I don't know, I would keep it, and when you go to MTR you will make more. if you buy something now, your mortgage rate will be higher, get a property manager , saves you the headache, worth the money and enjoy your cash flow.

Until that happens, enjoy major cash flow. 

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

Strategic renovations don't have to break the bank.

20% down, mortgaged the rest through a local bank How did you add value to the deal?

@Hank Bank where are you located?

On our end, its great knowing that our clients can just enjoy the income and focus on their other pursuits or their families without worry. 

Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.