@Rob Beland You are correct, though my software allows me to provide a descriptive detail of "other expenses" on a separate sheet attached to Schedule E. 

Start with knowing where to get private money lenders, build a list.Second, find a property you can get under contract and meets your criteria (i.e. 70% of ARV minus repair costs for instance).Third, create your Deal Analysis Report detailing the cost, repairs, ARV and your down payment.Fourth, submit your Deal Analysis Report to various lenders from your list in step one and negotiate a deal with them to close on the property.Fifth, after closing, contact some contractors to bid on repairs.Sixth, get your RE agent to market the property 2 weeks before work completion.Plan for contingencies and holding costs as well as alternate exit strategies.Hope this helps.

My background is in software engineering.

I am guessing they will wait for these highest n best offers to be submitted until the auction date, then make a decision?

I use another system now, because it's part of the software I use.

Advice/samples of accounting records/software/excel templates, policies & procedure manuals, ect. are what I am needing most... or even a PM start up checklist would be WONDERFUL.  

You can see the timeline below and my question afterwards.Contract / Paperwork Timeline - April 29th - Submitted original documentation- May 4th - Received request from seller for revisions (submitted the corrections on the same day)- May 11th - Received the seller signed addendum (submitted paperwork for the inspection for Friday, May 15th)I never got a response from the realtor to say that he has received documentation or emails and he has not confirmed the inspection date or even let me know that he has received my request. - Considering the money involved, is it normal not to hear from your realtor and for things to take so long?

Hello, I hope I posted in the right forum...I submitted an offer for a property that is in a flood zone and has been flooded a few years ago.

It is also not a common practice.Title companies have a margin of time they must submit the deed to the land records dept of the local government (albeit a short time).

We had one appraised on April 27th and as 2 days ago, it still had not been submitted to the lender.