The decreased volatility should, in theory, mean that the note buying community would pay more for the note or require less of a discount to produce the desired yield.

All in good areas (I do not invest in the ghettos) all have undergone renovations, are now tenanted and producing positive cashflow.

So if you pay somebody $550 for one job and then later in the same year you pay them $50 for another job - they are to get a 1099.If they buy materials, and you pay them for that plus labor when you make a payment - then you 1099 them for the full amount paid; you do not separate out materials and labor when producing a 1099.

So, unless you're extremely frugal, it takes a bunch to produce a living income.

I've been working with a couple of banks, and they said they can most likely finance me, but I know that they won't be able to produce a Pre Approval that quick.

With 5 properties owned free and clear producing 5k+ monthly gross, u should be able to leverage some or all of them with a cas out refi.

Good deals produce income, even after applying depreciation.

If you do this you can save all of the money you would stuff into a new note, produce positive cash flow, pocket a down payment, etc.

Last month, I had a nearly 20 year old boiler that stopped producing heat.

Even if you think QuickBooks isn't hard to learn on your own.QuickBooks allows you to set account types and classes so that at tax time reports can be produced to identify which amounts fall into what box on tax forms (OK, it's not quite as simple as that, but the accountant will then know which numbers are supposed to go where).My accountant also set me up with some excel spreadsheets to do certain things.