Things like lines of credit etc.

@Luis AguilarThat may be true, depending on where your credit score stands now.

I get keeping track of the material costs, etc, for tax purposes, but what about my labor costs.  

It does take time though to get back on track and for the first few months good calls were few and far between.

I'm using classes in Quickbooks to keep track of my properties but how do I classify the expenses for the property we didn't buy?

@Chris IrvinChris, you never get in title with a lease option, you control the property.The best way to get on title is sub2 or a wrap or a land contract, now your exit strategy may be a lease w option or a lease w ROFRSee my BP blog "Make money without banks or credit."

Donald,Net worth is the same as any net: Assets - Debts.I am guessing that you want to know if the person your are financing has a pot to do their business in.Have them fill out a form 1003 (online for free) and pull a credit report.

This provides me with real life investor relationship experience and a success track record.. check-I started what is now a worldwide podcast interviewing successful real estate investor and entrepreneurs.. this shortened the learning curve and provided me with insights from the best minds in the game.. check.

Investopedia is on the right track saying that the rule is supposed to ensure it covers your mortgage, but it's much more than just the mortgage, it's the insurance, taxes, maintenance, etc costs that are in addition to your mortgage.

Credits for partial month rents and security deposits at closing?