Now I'm faced with a choice: Buy for 10k more than the appraised value and get good ROI but start my real estate journey underwater, potentially move into another REI property, go to another bank and hope for a better appraisal price or walk away. 

I am now reading the Multifamily Millionaire book and basically want to gather some wisdom and knowledge on how to start this investment journey I want to embark upon. 

In general, when I've called Cobb County, I've found it really depends on who you talk to, some of the people there are knowledgeable and helpful and some really don't have a clue and are not very customer-service-oriented. 

Then Tenant A moves out, leaving Tenant B in the rental with no knowledge of who they are and no written lease agreement with them.Best practice is to name every adult on the lease.

or you said my hypothesis is wrong, it has to be depreciate 27.5 years and no other choice. 

I truly appreciate you sharing your knowledge with me.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

Very knowledgeable.

Our choice was to repaint and put in new carpet to replace the new carpet they damaged. 

Walking the property or having someone you trust, is key to make sure you have full visibility and knowledge.