And equally for the buyer, if you want to renovate and refinance or cash out, wouldn't you have to pay off the entire mortgage at that point and the bank would know it was always the buyer paying off and not the seller?

I use Buildium for tracking rent, fees, leases, and collecting online payments, but I don't use their reports for much, as I end up copying my online banking each year into spreadsheets.I've been using Rental Hero for the last hour and already impressed with it.

@Vijay Singh SambasivamI would suggest speaking to local banks, and credit unions.

That is your denonimator.You also take the cash flow you get from rent minus all your expenses, so at end of day how much $ is in your bank account for the entire year.

Originally posted by @David Dachtera:Well, I've failed miserably.

Well yes if you are successful.The reality is 87% of those who try to make a career at selling real estate fail out of the business within just a few years.

Bank Lessons learned?

Bank How did you add value to the deal?

We have always asked for a bank statement, so we can cross-reference payroll deposits.

He is disrespectful, had over 30+ liens and city fines from failing to maintain his properties.