The LLC has its general business account that we use for all our administrative and operational expenses but I opened another account for my SFH in order to keep track of my expenses on the property and to collect rent.

@Kara Beckmann Despite the pain, I'm sure this was a Harvard Level Education for your future flips! 

Do you think the 1031 exchange code will be repealed with a new administration at the White House?

They are really reasonable considering what a pain NY is.

Hi everybody out there I’m Jim I live in ct I’ve been in the rental business for a while and as painful as it may be sometimes I keep pushing through but now I feel as if it’s my time to jump In to a full-time house flipping business with my son.

They are a pain to work with.

HOA's can be a pain in the butt sometimes.

I remember being a tenant in a home with oil and it was a bit of a pain to deal with also could get expensive for a tenant. 

It is so time consuming and a pain in the ***.

What's important is how much money you'll need to accommodate this process, both in terms of renovation costs and in terms of reserves because this process is painful...As such, yes - you should walk into each apartment to make sure it's not a totally down unit which instead of $12,000 will cost $20,000 to put together.