The IRS requires a very detailed mileage log, so if you are ever audited, you run the risk of losing your mileage expense if you simply estimate.

Since then, I’ve been listening to BiggerPockets, On The Market, and Real Estate Rookie, and I’m currently reading The Multifamily Millionaire by Brandon Turner.A bit about myself:I'm a 31-year-old software engineer looking to become a long-term multifamily real estate investor (REI) and achieve FIRE (Financial Independence, Retire Early).

Prop Stream $100/mo: Prop Stream is by FAR the best software you can utilize for real estate investing and wholesaling.

Proof of Services.Be prepared to provide proof of the services performed and hours worked, especially if the IRS requests this information during an audit.6.

For tasks like asset dispositions and  depreciation, you’ll need more robust tax software, or even better, the assistance of a tax professional.I’d highly recommend you not try to handle this on your own.

If you are doing this for accounting purposes, maybe look into some kind of software like Quick Books.

I'm sure there are other software's out there, so just select one and go with it.

They also have tools for on boarding investors.There are property managements softwares to help with property/asset management.There are CRMs that help with capital raising and investor automations.I would not focus on automation right now, but on the business of multifamily.

You will not get audited due to land values you report on your tax return.

Chris Voss calls it the Accusation Audit, where you start out by listing all the problems and costs, and then ask how can we get this done.Every deal and seller are unique, and the goal is to find out their motivation and how you can solve it, quickly.I would definitely re engage the broker in the week to come to see the activity on the deal, and if it has tradedGino