@George Despotopoulos i actually have one flip under my belt but i feel like that isn't enough credibility.  

@Steve SchneiderPick-up a copy of Steven Cohen and George Dube's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" so you will be better equipped to ask the right questions of your accountant and attorney.There is no single correct answer.  

Thank you everyone (@George Despotopoulos & @Krystof Pilisiewicz ) It's great that this introduction is still getting hits.

Hi George,I've been through this just a year ago, here's my insight.The sec. deposit is factored into the HUD statement at closing.  

George I like how you did that with meeting them.

HI @George Ortiz,  Welcome to BP. 

They are from 4Closure Listing Service (George Roddy) and they can be very helpful.

@George W.

My name is George Springer (not the baseball player, I wish :)).

Thank you guys for your timely ,reply.Yes I have read Gordons book "Performance Anxiety" also George Coates "Smart Trust Deed Investment in California"Dave DoyleLos Angeles