Lastly, there are great tools like DealMachine etc that allow you to "drive for dollars."

What has the bottom line been the last three years?

If you want this reflected in your financial statements, here is our process: We move the COGS to inventory on the last day of the year and back to COGS on the first of the following year.

This particular property (townhouse) has been bank-owned and vacant for the last 14 months.

In general I think OOS investing has a lot more risks and I've learned a lot in the last 2 years and lost money. 

For last many months, if not 2yrs+ people been howling how "there's no deals anymore".....

Since then, property has been brought to market rent and vacancy was held under 4% in the last year.

Hello All,I have been investing for the last 4 years in real estate and am on the way to purchasing my 3rd property (a flip :)I am having a hard time knowing how I should organize my incomes, expenses, taxes, ect for easy bookeeping, to help keep everything separate legally, & to produce income on the money sitting in the accounts.I can only explain my ideal thoughts in a graphic design so i will include that here:Does this make sense in order to maximize profits & keep things organized? 

I process nearly 1,000 applications per year for the last 15 years.

He is correct that you NEVER take the security for last month's rent for that exact reason.