The basics of accounting will be enough to prepare your personal financial statement such as balance sheet and income statement.Especially, if you have multiple real estate properties, things can be complicated.

Basically, the turn-key properties just are done with the replacement of roof, water-heater, and/or kitchen/bath reno/resurface.

Also if that someone does miss something that's discovered during an audit, they get fined and not me (obviously a pattern will result in a severed relationship, so I keep everything compliant to the best of my ability so that final QC/compliance package is a slow ball I'm pitching their way that they can knock out of the park).it only works if your like me a commercial ONLY mortgage bankers who is not doing all the CFPB stuff.. we just have to do a quartly mortgage call report on NMLS which is pretty basic I know this because even I can do it.. at least with the help of the help line.

I've been working part-time and going to college full-time basically since I graduated high school in 2011 and am going to be working full-time and going to school full-time in the Fall to allow myself to put away as much into savings as possible before this next year. 

Basically I was trying to incentivize them to move to the upgraded unit so I could get my rehab team in the old unit ASAP.

Here is a screen capture from "Emails and Financials" you will find that the first lender basically asked for the farm.

@Jordon Milford without even changing any numbers it would be a hard pass for me if I were looking at this deal, your current calculation shows you would make $11/month as it stands, so basically no cash flow.

In most cases you're basically rewiring the whole building.

This "master plan" is basically starting and developing a portfolio of rental units. 

The three family has not had a recent appraisal but seems to have conservatively about 50K in equity in my market.This is just the basics of my situation.