Here's the situation:Perousing the internet and MLS I found a very distressed property that had only been online for about 6 hrs and I put in an offer; The issue is, I don't know what the heck I'm doing.

The advantage of having an up-to-date RE accountant, is that they can help you strategize utilizing tax benefits, that a non-specialist may not even be aware of.

Why waste time with a listing when you can unload that asset on a date certain?

Basically, I had no choice but to get the loan from finance guy(who by the way can pre-approve me in 30 minutes if I finish on-line application process) that I never met due to last minute request from the seller.  

HI Roxanne,It is true you need to be in the business for 2 years but no one talks about the details about how that is documented which is either by:- Looking up CA BRE website consumer licensee information which will show how long you've been licensed- CPA letter to sign/date on you being self employed for 2 + years or 5+ years if you're using Freddie Mac's program since Freddie specifically wants 5+ years to use 1 year tax return- or another third party to verify you've been SE (self employed) like business licenses, attorney's, other auditor or licensesWith regards to income like others have mentioned you can use 1 year tax return to base your monthly qualifying income off of.Freddie mac, like mentioned above is a a conventional financing option but the downside with Freddie is they want 5 years in the business as documented with one of the options above.

All welcome, if your interested leave your name here and when we solidify with a date I’ll post it in the correct forum.

Also is there anyone who uses bill paying software to allow their tenants to pay the rent online?

I looked the house up online and the fire happened about 5 months ago. 

Are all docs and invoices available online? 

In return perhaps I can be of some assistance with online marketing and video production.