Or someone may do due diligence on your company and find that it is lacking paperwork on some critical transaction.Obviously, if your father lends you money to flip houses, he will expect you to pay him interest on the loan.

I imagine there maybe 1099's that would need to be issued by year end, and having QuickBooks track those vendors are critical.

I think being a successful real estate investor includes being critical and verifying all information, having the self-confidence to make your own decisions, managing risks and acting in spite of fear.

I feel like the critics of wholesaling have a different view of the kinds of houses most commonly in that market space than I do.

Don't make much profit on rentals due to expenses such as property taxes so appreciation becomes more critical these days.

Incidentally,I spoke with a man in the 80's who was very critical of DFW area discount malls.

Having some key critical specialized questions can tell you pretty much right off the bat if they are going to work out or not Do you meet the income requirements What kind of pets do you own who all will be staying at the unit What will I find when I check your background Why are you moving How soon are you looking to move in 

@Joe Norman  I do this video tour and answer critical questions.

Unfortunately, most people don't take the time to critically think through the repercussions of these laws. 

Risk is a critical factor here.