Surprisingly enough, Quickbooks is actually a suitable program to begin preparing property financials (not kidding).

Generally, if you are prepared to do a little bit of work you may be able to get a decent deal on an REO property.

Even though we work to make the best ivnestments, there is always a lot out of our control as humans - part of good business practice is preparing ahead of time.

If the property is in New Jersey, prepare yourself to learn as much as you can about what you can and can't do.

Is she looking to be able to prepare the tax returns for you and your wife?

I personally am not convinced that this level of growth in value can continue for several decades but it doesn't appear to be slowing down currently, so I am prepared to be wrong.   

I know there are some nuances to this that traditional rentals do not face so I want to make sure I am fully prepared for the venture.

Landlords should be prepared to handle these situations by developing a written plan well in advance.It's too late for you this time but you can still salvage the situation for yourself and make it palatable to the tenant.

Loan + title review6. prepare for closing (get homeowners insurance, get clear to close from bank, schedule final walkthrough)7.

You should also be as prepared as possible for your first deal.