Even the CEO's younger brother decided not to hang around - whatever his reasons are - it's too late for him unless he returned all the money he took out and fully disclosed  every illegal act he has personal knowledge of BEFORE the SEC/FBI show up at his door.I referred the "fronter" to a whistleblower law firm, but who knows if he followed up.

I just want to thank everyone for taking the time to share your knowledge with me.

Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000  youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software 

I'm just hoping someone with actual knowledge of it can provide some information that offers an alternate explanation.

I have seen some of Walter’s presentations and he is very knowledgeable.

If these continual expenses are not made  you end up with slum properties renting for a minimum weekly rate to transients.I don’t know your properties so I can’t form a specific opinion; however, based on the information you’ve shared I trust your opinion and knowledge.  

I have never been shy of facing challenges and I truly believe knowledge is power (something my grandfather taught me at a young age)I really want to learn everything there is to learn about realestate and am driven and hungry.Thanks in advance for any suggestions or recommendations.

You will also likely be paying more than more experienced investors as you build your team and knowledge.

If you buy in a vacation area there really is no safety net other than desirability/location…I guess just don’t pay up too much.  

Quote from @Noel Coleman: I walked a property today for a flip with a contractor who I really liked and he seemed like he is really knowledgeable.