I spend an average of about 15 minutes per day doing entry and reconciliation.For example, in addition to all the entries from my flipping business, I have 500+ transactions per month of book sales (I fulfill about half of my book sales myself, and each is a COGS entry); I have all the journal entries for my all my rental property income/expenses; I have a product business where we have hundreds of entries per month of sales, and because we build/assemble/package our own products, we have many hundreds of assembly/inventory entries each month (I use QB to keep track of inventory); and then I have hundreds of personal transaction entries per month for all my bills and credit card purchases.And this is across 5 different Quickbooks (and 1 Quicken) account, and 11 different bank accounts. 

I heard that there might be a sale tax exemption program when purchasing renovation materials and etc.

These years taught me so much about lender owned processes, short sales and investor's formulas.  

During the sale, she agreed to a lease.The thing is she's a smoker and I'll ask the people downstairs not to smoke inside.The lease agreement as not yet been signed.Current state of mind : I'll be asking her not to smoke inside.Have you ever lived a similar situation?

I want to be able to learn the whole buy and flip of a property from Acquisition, Rehab, Sale, and Raising Capital.  

If they are doing hourly or salaried work that is not "the practice of real estate", then you're fine.For anything that falls within "the practice of real estate" in your state, you most likely would have to pay their broker/brokerage - so they would need to have a sit down with their broker about how the fees would be allocated between the broker and the agent on the receiving end.In California, the practice of real estate is defined as:"a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:  (a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or puchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity.

ok so I like this house for sale.

The policy amount ended up being the sale price so we don't have any money left to rebuild; all the insurance money was used up during the cleanup phase after the fire.This brings me to a question.

It sounds like you did a ton of work to it, and saved tens of thousands in labour costs by doing it yourself.Congrats on the sale and the profit!

Which number is more important, sale price or price/sf?