Do most of you guys keep your own books use a software such as quickbooks or use an accountant.

I have a lot of experience with FundAmerica's software.  

@Jonathan Nelson welcome to BP, be sure to check out the Education tab for more valuable insight into real estate investing.You can check on Portland Maps to see if the lot is actually two lots, which would mean that you would only have to go through a property line confirmation and maybe an adjustment, rather than a partition, which is much less costly and time-consuming.

The bottom line is that this is your opportunity to make double and triple check your assumptions, confirm what the seller is telling you, bring in any professional inspectors to check things you can not and make a GO / NO-GO decision.Going Firm - This is it; a / the key decision point.

Appreciate the kudos @Marvin McTawSo I spoke to the city's P&Z Senior Planner and he confirmed that based on current zoning and lot size, the city will allow us to add a third unit to the duplex! 

Now that we have confirmed that it can be done. can anyone PM me lender references?

"Unfortunately we have confirmed that we have no investor that will approve a condo with a budget holding reserves of less than 10%.

Confirm with your lender.As you've heard, there are definitely 1%+ and even 2% rental in Western WA.

I would try and setup all bank accounts, entities (LLC, etc, if you're going that route) property management/accounting software, etc. before you rent it out, so you aren't scrambling to get everything organized. 

I'm fully prepared to do a double closing where there's two sets of closing costs but I try to talk to the seller to redesign the deal so there's 1 closing only if the TBer has confirmed financing