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.

The last thing you want to do is to take out more leverage on these high-performing asset to try to figure out how to make more cash flow.

It's a cost-saving up front and lasts longer than many other choices. 

I’ve personally just closed on my 4th in 3 years and even just the two I bought last year have netted me a starting engineer salary 👀!  

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair. 

Then floorplans last.

Just got done reading the last thread.

Thanks Sharing here an article I published on BiggerPockets last year all about DSCR Loan options especially around the BRRRR Method - maybe can help!