Once I do that though, my Debt to Income ratio becomes something like 37-38% (dang student loans).

I guess my only real option since this isn't a good rental candidate is to live here for a while and buy a new place to rent out... dang

@Nancy Carr I agree with the poster above, in the past, my PM would just invoice me with not much explanations.

Also, I would look at your original scope and compare with his change order invoice to see if any of the them items are the same or billed twice.

I also use Google drive, so all of the property documents, rehab plan, invoices, etc. are accessible for the investors to view and a spreadsheet on google drive with the property financials and weekly updates. 

Hey@Michael Dang , Interesting questions!

Also we handle the materials and invoice you once they are delivered to the job site.

(Make sure you turn on the Class Feature in the Preference Section of QuickBooks).When you set up your properties as a class, and you invoice your Guests for the rental term, you will choose that vacation rental from the class feature of the Invoice.If you have repairs or expenses for each vacation rental, you will write a check and choose the correct vacation rental from the class column on the check. 

@Michael Dang I’ve been following that, I’ll definitely take it into account.

Dang.   50k is down-payment on 3 or 4 nice class C houses.