I know at one point Vena Jones Cox was offering part of her actual marketing material.

If lots, then keep good records for contributions, draws and equity splits.Revenue:Rental IncomeOther IncomeExpenses:HOA FeesMortgage InterestProperty InsuranceProperty TaxesRepairs and MaintenanceProfessional Fees (such as accountants and lawyers)(Anything else on Schedule E that you doOther:Interest IncomeFlipping Business should include:Assets:Cash AccountsMortgage Escrow Account (if appropriate)Projects in Process (one for each project, ideally)Tools and EquipmentDeposits and Prepaid ExpensesLiabilities:Accounts PayableMortgage Payable (one for each property)Other Loans PayablePayroll Tax Liabilities (as applicable)EquitySame as aboveRevenue:Property Sales RevenueCommissions Revenue (if applicable)Cost of Goods SoldProject ExpensesExpenses:Most of your job expenses will be recorded in Projects In Process as an accumulated asset and then moved to Project Expenses when you sell the project, so there's no real need to separate out expenses such as Materials, Subcontractors, Holding Costs, Utilities, etc.  

As some other members have indicated, real estate in the US is driven by local demand and supply so therefore for most markets should do well as long as the economy continues to produce jobs.  

What material is the exterior?

And, I have been told that I am not investor material in terms of my approach to tenants and personality. :-) Therefore, I am seriously considering property management for my next lease term, whereby I start treating this as a business than a charity.

I will be deligent and go through all the material. 

Within each set, there's a fair amount of options for selecting different styles and materials.  

Cost of materials was way low and cost of install way high .

Either want them to fix material deficiencies or get a credit for when I will have to fix within 6-12 months.

I prefer to work with the larger banks that process the short sales via the Equator Platform.That helps keep all parties accountable and the system is all task driven.