Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations? 

You money seems like quite a bit now but it will get eaten away quickly with living costs, holding costs, etc. 

Well at the time just that house was a deal because it was hard to get into a house with this many people coming in and buying a property as quick as they were so for me to get the that price on that house and close the deal was a deal now it's worth three four times as much as what I paid.

In the Boise,ID metro we generall use 40% as a general quick analysis plug. 8% for property management, 5% for replacement reserves, 5% vacancy, etc.

By the time I got the rehab done, rental in place, and started shopping again, the six months came around quickly. 

I am currently using Quick Books Online, which is great for the overall financials of the company, but I would like something that integrates the tools needed for CRE investing, partnerships and syndications. 

it was actually a really quick flip. 

I don't always take her suggestions but it gives me a good idea on what to do.Kitchen Gut (medium grade SS appliances & Granite) - about $40/sq ftHVAC - Duct work - $2.50/sq ftHVAC - Compressor - $1,750 + ($1.00/sq ft)HVAC - Heating Unit - $2,000Those are quick estimate numbers that I have found to be good for North Texas.

It also doesn't have to take days... they sell quick dry mud and could be finished up in a day if it is a limited area. 

@Mark AinleySuper quick RE101.