RM (and most other good management software) does double entry accounting, imports bank info, has reconciling functions etc.

It’s just part of the game**They have multiple leads & opportunities in play- If you’re banking on one contract to make or break your business, you’re already losing.

Bonnie is spot on—you don't always need traditional bank financing for your investments.

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

I am surprised you found a bank willing to do this.

I would be happy to take 20 percent down, and owner finance each unit, if banks are that picky. 

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.

Bank won foreclosure in 10 months so luckily it cashflowed as well as it did.