I put these in a "General/Admin/Other" Class in QuickBooks.If the property not purchased does not satisfy both the asset class and location requirements, then you technically need to push that expense off into a balance sheet account and wait until you do invest in that asset class/location. 

I can help you locate properties that fit your criteria (if your profit margins are realistic) but with your budget it's going to take some work.  

You can learn best practices from other BP members about what to do when you become the owner of a multiplex with existing tenants.Also, locate your local landlord association and learn from the locals too.

Account Closed, thanks for quick reply, It took me a month to rent  last time, not sure what to expect in Sept,  as the house is located in top school district, I am assuming all relocating to neighborhood must have done it by now.

Not sure where are you located in southeast missouri - there is a REIA group in Springfield and then a bunch in Kansas City and one that meets in Columbia.  

I located the buyer, he is flat broke and has no way of paying his loan payments. if a initiate a non judicial forclosure do yes the house go up for auction on the courthouse steps?

Hi all, my wife and I have located a vacant property that would be a great fix and flip, however after a public records search it appears the owner is incarcerated and will be for 8 more years.

Have a 2 unit under contract, it needs a lot of work very old house. Log beams built in 1860?? Here's the thing property has 3 adjoining lots that come with it. Two are public water and sewer the other two you would ...

Be located on a publicly-maintained road 7.

Note: Decent location with about 3-4% yearly appreciation.Breakdown:1.