As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

Still use paper method for mileage logs.Tried QuickBooks several years ago but it was more complicated and I did not need the bells and whistles.

You don't need to use a title company and pay fees, you just need to proper paper work and quit claim deed.

It doesn't mention requiring paper receipts at all.

and some guidance from the FTC is here: https://www.ftc.gov/tips-advic...Simple solution - DON'T.

Quote from @Chris Seveney: @Luke H.I would be very skeptical of appraisal at $250k and buying it for $120k.On paper yes seems like not a bad deal but I wouldn’t do it because it’s five year term.

Beyond that, every city I have been to has rough areas where "cash flow looks great on paper" and "nice areas where appreciation should be great".  

I could not find the answer I'm looking for when searching.The following example could be used:- Amount invested $100k- Preferred return (5 years): 8% or $8k- Disposition (Sale) (Year 5): $200kThis simple example assumes no cash flow beyond the preferred return, no cost segregation/bonus segregation, and doesn't take depreciation into account.Would the first 5 years of cash flow (preferred return) not be taxed, and only the remaining amount on the disposition would be taxed (e.g. $200k - $100k + 5 * $8k = $140k)?  

Suggested to do that earlier than later, so there is no liability on a tenant who is not on the lease paper.

On paper a 100% CLTV for you, the buyer is a dream, but as a lender, its very very risky.