If you get a check book with the account you can write checks or you can transfer money to another checking account to use it like cash.

Mileage and meals6)Money paid for RE tax book is also the tax deduction.7)Any expenses that help you with RE investment can be deducted.

After listening to a recent podcast on Bigger Pockets and reading a book that was recommended...."

Hello everyone, I've been studying Real Estate Investing, reading the books, watching the Videos, reading the Forums, and going to the local Meet Ups and REIA's.

@Andrew JacobyForget FHA loans and get a portfolio loanBanks hold the loan on their books, therefore they have much more flexibility and are not just loan originators. 

I've already got the BP book on low and no money down on its way.

Sometimes booking a good profit or sale while people are paying a premium is a good choice especially if you feel the market fundamentals are overvalued. 

Rich dad poor dad book has a very similar situation with a condo.

Best done by the book and with automated systems.HOWEVEEEEERYour situation is different.

I was living out of the state at the time so I made a visit to the properties and arranged to have my father, a CPA, come and do an audit of their books for my account at the property management company.