If you are using an accounting software, it is impossible for the assets to not agree with the equity / liabilities.Did you factor in everything from the closing statement(such as pro-rated rent, closing costs, lender fees, etc)Did you use a PM company, if you did, did you factor in incorporating the PM Statements.Again, if you are using an accounting software, and factoring in all the transactions from your bank account / credit card, it should not be off.

Remember to back it out as a business expense too which should make the real rate a point or two lower depending on your tax bracket.2) For securing loans, I incorporate the value stated on balance sheets within my personal financial statements.

I also understand that some states are better to incorporate in than others.Does anyone from VA know if this State has good protections for LLC?

If you must count something, count grams of fiber intake and aim for 50g/day.

Depending on your business model it will depend on how you want to incorporate your business.

You will also need to look at your articles of incorporation.  

I’ve been in corporate by entire career.

Fill out your article of incorporations which is not hard and you will need an EIN number so you will have to open up a Business checking account.

If you are going to go this route, I'd recommend incorporating phone calls and/or doorknocking.

203K Loans can be helpful but can take much away from the bottom line as there are many fees, similar to those of a hard money loan, that are incorporated into the loan on the back end for inspections, draws, follow up, etc, often times +/- $10k-$15k, depending on the size of the loan/rehab budget.