If you're concerned with taxes from the sale then keep in mind the mortgage balance is complete irrelevant. 

Here is what you can do with QuickBooks:- Owner balances and ledger- Property balances and ledger- Tenant balances and ledger- Lease expiration dates - by week, month, year.....- Work Orders- Deposits - paid, unpaid, by property, tenant - security, last month- Reserve Fund- You can find it on the cloud too!

It is check-book so I am the sole trustee (versus a custodian even if you set up a LLC in a IRA), I can borrow up to $50,000 or 50% of my invested balance for ANY personal use, I have the ability to have a sub-Roth account that does not follow the typical income requirements of a Roth IRA.

The CC and business lines will calculate the monthly payment based on the outstanding balance next month when the statement comes out.

You mess up in collecting amounts due, you can lose the balance due plus 2 1/2 times that balance.

I had a credit card balance at the time for a similar amount at a few percentage points higher than the discount, and I used the money to pay that off, so it was a win-win.

This is when one must decide if private money is right for them.You can structure the deal to bring in a couple of money partners for the balance of the down payment, in exchange for a preferred return and some equity.

If you make an extra principle payment of $5,000 now how will that affect you 3 years out with your principle balance.

Find the right balance between flipping and holding propertiesI’ve already checked out the bigger pockets podcasts, so if the information here is anything like that, I’m really looking forward to receiving and contributing.

They don't have money for rent but have a 60" flat screen TV sitting in the living room.I did have one tenant that was responsible and walked to work and I did work wit her but she paid in 2 parts and the balance never went over to the next month.This person you need to file the eviction.