.- Is there a standard accounting method?

@Michael Elliott  our state requires that we give an accounting of any deposit we keep within 21 days.  

Hello everyone, been listening to the podcast for a while now and finally am getting around to creating an account!

-vacancy you need to account for some sort of vacancy ( you did this by not accounting for the efficiency rents) I use 4-5% but this is area specific, talk to some local PM’s they can tell you what is normal.

I was fortunate, again, to have my father co-sign on most everything, but Bank of America got so granular, I had to explain a $300 deposit in my account for selling a couch on Craigslist along with every SINGLE transaction over about 3 month period.

I just handled my father-in-law’s estate and thankfully he had everything (i.e. cars, house, bank & investment accounts, etc) in the trust.

I suspect $200/door is generous on cash flow of a Midwest average SFR after accounting for all expenses and cap expense reserves.Be leery of numbers provided by OOS sellers. 

Do you want to build up a big portfolio, or build up a lot of 0's at the end of your bank account?  

Account Closed hey thx so much i’ll gladly take the help!!!!

I appreciate your thoughts/comments on the following items:- I believe that a separate account needs to be setup for Security Deposit and Collecting Rent.