Some do 200k a year or more.No way will I believe that unless someone shows me their audited books.

I think using a value outside of that is going to be tough to defend if you are doing a cost seg, which already attracts quite a few audits.  

We audit several different areas a couple of times a year but we have a pretty tight system in place.

I have 17 years of corporate RE and compliance experience, so the LIHTC reporting and annual financial audit does not scare me.  

The number of loans that are audited post closing is ridiculously higher than it was during 2020/2021.

Are they teaching auditing of originations ?  

Also, I know this status can sometimes trigger an audit.

If you are audited the IRS will want to see supporting docs (e.g. calendar, CC statements, etc).If you've reached the end of this thread and your NGMI on RE pro there are a few more options:1.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

Bitcoin can't be wiped away on your cold storage, it can be when it's sitting on an unregulated platform in the Bahamas that are not audited.