I've been working on putting together a strategy to build capital through flipping and ease into buy and hold; it's great to hear someone able to make a decision and make it happen so successfully!

When I'm testing a rental market, I'll post rent a bit high for 1-2 weeks and check response rate and quality of tenant (if rent is too high, you'll get a poor quality tenant).

After months of poor communication and performance on their end, I finally got final approval to close on Friday, July 19th.

Maybe not, but its not a wise decision here.

Best decision I ever made...

It means getting timely information to make the best investment decisions.

If an agreement is made, you hire the contractor and pay them out of the escrowed funds.I'd love to have tenants pay to upgrade an apartment for me, but as somebody else mentioned, once they realize the cost is probably close to the down payment on a house and that you are the one making decisions, they will probably shy away from the idea.

I read "Rich Dad Poor Dad" about a month ago and it gave me a new purpose in life after pursuing a career in education, and then really not wanting to pursue a career in education.

What you actually do with his deposit is your decision, even though I believe you deserve to keep that deposit to cover him breaking the contract for the deposit, which was move-in on x date....next time read this document below on how to handle accepting deposits and lease signing.

That being said, Quickbooks is a pretty poor platform for the kind of inventory production accounting involved in flipping.