If you're knocking it down and building up on the existing foundation, you may be grandfathered in on some items.

Welcome Sam, I like the sound of your business model.  

Do you think you can ask for the seller to repair those items as part of the negotiation process?

I've used Quickbooks and Peachtree in the past.....Xero is a much easier product to use and actually allows you to calculate depreciation each month (which last I checked Quickbooks does not do).I set up each rental as a separate "project" so when preparing tax returns on the Single Member LLC, I can easily split out the Schedule E items.

Personally, yes, I think wholesaling is a very difficult model in coastal california.

Then theirs the security deposit itemization and settlement letters for the past person.  

What some of the data is saying is that because Houston is so diversified now from learning their lesson from the last oil bust that even though the jobs are not as high paying is not imploding the city as it did last time which is more of a sustainable business model.

Hi AJ, I have some homes you may want to view, but I'm not sure if they'll all support your fix and flip model.

Items to be aware of include state income tax, property tax, insurance cost and landlord favorable regulations.

Pretty basic question: what is the best way to model appreciation gains in a long-term multifamily analysis if multifamily values are based on NOI and cap rate?