On top of what Charles just stated, it is illegal to descriminate against race, religion, or sexual orientation.

Charles,I track my balance sheet fairly closely, even the pennies lol.

Hey Charles where did you get that book at?

And use Charles' methods.

Maybe Charles will pop in as he is our resident CPA, at least the most active.

Welcome,Brian you are in the right place,i tooam a new investor and spend a considerableamount of time absorbing info,the investors havebeen invaluable in moving my program forward.Good luck and welcome........Charles

Yes, Charles we would manage it ourselves as we are home quite often with unconventional jobs.We live as renters in the same situation now and have observed closely (and helped a lot with) the owners time and management around this building.

Thanks for responding Charles.

First, here's a blog post I wrote on this subject:http://www.biggerpockets.com/renewsblog/2010/02/24/should-you-get-your-real-estate-license-investors/As Charles pointed out, this is the route my wife and I went (she got her license), and I'm very glad we did.Since we purchase through our company that we both own, I need to make all the same disclosures she does.

Originally posted by Charles Perkins:Congratulations Shelly, sounds like you are beginning to build some investments.Thanks Charles.