Looks like I have a different version of the book than you (mine is copyright 1994, 2013).

I use a version of the 50% rule as a quick but reliable measure of expenses on a single-family: you can reasonably expect all monthly expenses not related to the  principal+interest of the loan on a property OVER THE LONG HAUL to be 50% of monthly gross income.I also think she's just calculating that PITI expenses are pushing her down to - $120 a month.

He's doing some version of master leasing properties here in Denver to re-rent on Airbnb. 

@Andy D. yeah, it sucked for that guy, but they gave him a 30 day window to fix it, I guess the bank's version of a "notice to cure" so he just had to pay to put it back in his name quick-fast.

Did you set up your Quickbooks desktop Pro version and get everything set up first before hiring out to your VA in the Phillipines? 

The short version is that an LLC is good for anonymity or legal protection, both of which are not usually necessary.creating an LLC will cost you money to set up and to maintain.

I did a mini-version of a bank book for a small local bank in AZ and it was well received.  

If you're up for it, testing a small version of your idea could give you a taste of its popularity before diving deep into the numbers.

@Kevin HofsteeNot common but if they want originals and thats a hassle then you can do certified copies or to a recertification of trust which is a document that basically says as of todays date the trust dated on so and so date is the most recent version.

QB reps will sell the subscription version heavily, since it increases company revenues.