We discussed me paying off his second mortgage, compensating his realtor and taking over his 1st mortgage. 

@Etahn Smith I'm currently going through my second eviction with the same tenant.

If the roofer does the job for less than $15K, your second check would be for the roofer's actual costs, less the $7.5K they already gave you less your deductible. 

My second question is should we use Podio as new investors to keep track of our leads?

Hello BiggerPockets friends,I guess I need some help in understanding the benefit and strategic advantage of cashing out appreciation on a property and using it to buy another property.If I appraise a property, I am borrowing that against another loan to pay some of the original mortgage and/or buy second property?

Second question is whether security deposit should also be charged on credit card or is it better to request a check?

I’ve learned a ton on my 1.5 years on here and all I’ve done is message, comment and read.The first deal is the hardest the second and beyond is much easier 

I actually just synced mine and it took a total of about 10 seconds. 

Then you should also always get a second pair of eyes to check the numbers you came up with (let's say a real estate agent or preferably 2). 

The second will ignore the debt-to-income ratio underwriting concept diligent lenders use.