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.

Not an automatic cash cow - it's a people business first and foremost and unless your company understands that and institutes that culture you will not be successful.

There is a lot of helpful people here and a lot of good information to digest.

I've had to digest 1, 2 references or that and other resources..

Today it is a cash cow, producing $600 a month in free cash flow.

If your average cash flow was $600.00 / property and you were losing a large portion of this cash flow to expenses that were not accounted for in the estimates given to you by the your providers, I wonder how long an investor making the "generally accepted"  $100 to $200 per door, can survive before deciding to call it day and selling their "cash cows"  back to a provider who can then repeat the cycle. 

In CO, we could buy, say, a fourplex and a house for the amount we could sell our CA triplex for, and probably get a little better cash flow. 

Hey all,Just completed my first deal and now trying to digest and understand where i made missteps.

This is a Fayetteville post I did, lots of information that is easy to digest.

I get it - you can argue til the cows come home..."