I found two title companies that do note wholes but have yet to reach out because I'm not sure if I'd have to bring the paperwork myself or obtain it from them.

Make your offer contingent on inspection of paperwork (Financials, rentroll, leases) and premises.

@David Heisler So essentially net margin is how much of that rental income you are actually making? 

Believe me when I say, it's super easy to get more clients, but if you don't have the right paperwork AND systems, it can be a major pain to scale; it's very easy to get overwhelmed with loan requests.

This essentially allows you to get into a good deal, that the lender agrees with, and use their money to fund a large portion of the purchase price and estimated cost for repairs.

It looks decent from the photo but looking for water stains on the lid inside would be essential as well as getting the seller disclosures.

Comps include a 72K sale of essentially same house, 4 doors down 6mos ago.  

It was the least profitable deal we've done by a decent margin but it was probably my favorite because (1) it ended up looking good, (2) we were hands off on all manual labor (I did the paperwork and my wife selected the key finishes), and (3) we learned some valuable lessons without actually getting hurt much by them.

After talking to the CPA last week, it sounds like QBO is trying to do away with Simple Start & making people go either Self-Employed or Essentials.

I wasnt completely happy, but the final results matches my paperwork. - so yeah whatever..Originally posted by @Christopher Smith:Do your own calculation utilizing an actual paper form and by following the form instructions very carefully and see what you get.BTW - I use TurboTax and for some very odd reason Sch B was showing pennies on my entries, but nowhere else in my return did that happen all were rounded as expected.