As for the badly soiled and damaged living room carpet that had to be trashed (also documented in photos and video) - if I decide to replace the previously carpeted area with vinyl flooring instead of with new carpet, would I be justified in charging for the depreciated/remaining life of the old carpet if I am altering the property instead of bringing it back to its move in condition? 

(not all books translate well to audio)Profit First by Mike Michalowics - This talks about business finances and budgeting in an a way that is easy to understand and apply way. 

You need to show that it is a separate company, not simply an alter ego to be disregarded.

I don't use their model because we have our own proprietary model that works for our deal structures, but the redIQ model is editable and you can alter the template.

What does your Agreement state regarding "alterations" or "tenant repairs"?

If I can't translate this cash directly to a downpayment, could I deposit it into my account for a few months to let it "season" before seeking a conventional loan?

Talking to people will help you in getting comfortable with rejections and objections, which will result in an improvement in your communication and sales skills, and that will translate into your first deal. 

This translates into 12-15% ROI and the considers PM costs, vacancy, and maintenance.

Yeah, maybe now we bring insurance technicalities into play such as having an 'insurable interest' which would cause me to be a business partner of a sort.You might get close to figuring out a scenario, but its either co-mingling or using your LLC as an alter-ego.  

Hi all,Every month I spend 2-3 hours translating the Appfolio cash flow report I get from my PM into double-ledger accounting for Quickbooks.