(Cash, Accrual, Mixed) Does the company have an accountant engaged?

I engaged a licensed HVAC contractor to do my central air systems- I’ve been burnt in the past, so my code going forward, is to buy materials myself, and pay the labor upon completions or milestones- The issue with HVAC is suppliers will only sell to licensed contractors, not homeowners.  

Just seems like a lofty task, but if there are others who have done so, I am up for the challenge!  

If you are looking to make this officially separate it or make it a multi-family, I recommend engaging an architect in your area as well as the building department as you will need to meet certain criteria (independent entrance, another mailbox, etc.) 

There is no doubt that doing well with turnkey properties in today's markets is far more challenging than it was even a couple of years ago. 

While I agree its a challenge to find good cashflowing properties here in Greater Phoenix area, it's not impossible.

Of course it will be a challenge but I can work with that.

Hi Adam,The South is lucrative for investing as you hear plenty of great outcomes from investors who know their local market and have a great niche.Calgary feels challenging right now given the past high of the economy and house prices but smaller cities throughout Alberta seem to be less impacted and could be further explored for opportunity.

Hello BP enthusiasts...My first two flips were successful, but like most, raising capital is a challenge. 

I realize I will still be dealing with people, but the different context and the new challenge of it all is refreshing.