Quote from @Robin Simon: Yes - plenty of great meetups here in Austin, we threw a very successful one (150+ people) last month @River Sava Which meet ups are there? 

Mat, Simon and Thomas, thanks for the compliments.Peter,I don't really like rentals, so I don't really look at cashflow, just profit potential for resale.

We plan to take on a second project soon so I will need to keep the two rehabs separate.Nancy,  Thanks for the reply.  2 votes for QuickBooks . . .Simon,  Thanks for the reply. 

If you can't do hard money, you could go to Simon mall every day for ten days and buy $5k in gift cards.

@Simon W., that's correct you have 45 days from the day of closing of the sale to identify your potential replacements. 

@Simon W.Thank you Simon!!

I do keep a different bank accounts for each entity for tax and legal reasons, but since I don't have that many,  I don't find it difficult to manage them online.This is a question for Simon W: What is your go-to software and why do you use it instead of QB?

Hi Simon,In this scenario, you would refinance pull cash out and take over the loan. 

@Simon W.

@Sam Simon You say you purchased the property at a discount because of the lease.