Right now we arent looking for cash from our real estate, everything we get we either reinvest or we buy new.4) If we truly are at the beginning of a downturn, I dont think its the worst thing to keep your properties near the top of market in terms of condition and to take time digesting each purchase Vs leveraging to buy as many doors as possible. 

As a newbie, I was able to grasp and digest the information very quickly.

That is like saying because you can flip pancakes you can milk a cow.

It has been a cash cow and easy to manage.

Thing is a cash cow!

There is a lot of information to digest, but one thing I will point out -the BP way is only one of many many ways of using real estate to produce wealth. 

But you want to order materials, so you order based on price because it all "looks the same" to you, so you go with the single cheapest product available and holly-cow, you paid only 0.99sqft, thinking ha-ha your really savvy because why would you get what looks the same at $2.85sqft. 

I used to really chart these 4 benefits and it caused me to write a complete chapter on 2 of the 4, C&D.I also learned a couple other things: Your home is about the only thing you get to declare interest paid and about the ONLY place you can avoid capital gains every couple years and make a killing...Good luck digesting the above.

But in general, Vegas is not a cash-cow rental city like you hear in BP podcasts and older Rental books.

If your taxes are going to be prepared by a CPA, then you better make your bookkeeping digestible by that CPA.Conversely, if your taxes are prepared by you, then your bookkeeping should make sense to you, and to you only.