I like to organize my monthly expenses a certain way to make it easier for my tax guy, so I just review each monthly report the PM sends and if there's a repair charge, I add that amount to my spreadsheet (and so on).

Best option may be to organize yourself as a business and look at business lines of credit.

Hello Family: Q-A,This is a question to our most seasoned or experienced investors.How would I deal with an Investorthat have houses to unload.Thehouses range between 200k-400k or above,could thesehouses be a Possible flipp,or would I have to get some form ofInstitutional /Hard Money Lending to submit a deal,,What'sthe best approach to this organization????

Besides welding I also  besides welding, I am also a in organic farmer.

Would love to hear an interview about this @Brandon Turner :)When I heard about this organization, I thought it was a phenomenal idea and I had to share! 

:does this apply even if reported net loss in my federal filing after accounting for mortgage interest, depreciation and  expenses for maintainence and when acquiring the propertyi didnt file a city of cleveland return nor state as there was no net income Yes, you still need to file.City of Cleveland taxes are collected by the CCA (one of two contractor organizations that deal with municipal tax in Ohio, and definitely the nastier of the two.)

Absolutely.Now, thankfully, I am not in that position anymore, and my portfolio has grown to sustain itself without my personal finances being involved. 

I'm still learning about all the parts of the puzzle, but I think as soon as I better understand how to work and organize the money and the general paperwork then I'll be able to take the plunge. 

I have access to private money but prior to tapping it I want to fully understand how to go about this in a way that is respectful to my friends,  simple and organized.1)  The house I'm looking at is $560,000 ;   With my credit score being a mess, should I just borrow the 20% down payment ($112,000) ?

The industry is full of people that never even graduated HS.....are convicted felons....... file bankruptcy every couple of years.....have been divorced 4 times....... addiction issues......in other words flakey people that have no organization, structure, direction or drive in their lives.Now that's not to say that they are ALL like that....there are some fantastic people out there....very smart, organized, professional and amazing at what they do......I've met some great people...... but unfortunately they are rare rather than common