If I could send out 1,000 mailers a month would it be better to:A: Have 1 list of 1,000 people and mail to them every month OR B: Have 1 list of 3,000 people and mail to them quarterly I heard one wholesaler say he mails out quarterly then when he gets a lead he mails to them every month for 6 months.

You put your key in, turn it quarter turn, and then push the reset, and pull your old key out.. 

My background is in finance and investment management, so I was looking for something analytical as my partner and I look to begin our first flip in the first quarter of 2018 (still sorting private and hard money, but we have a 28 year veteran flipping project manager who we can learn from, and an LLC).I actually got excited when I saw all the “bonus” material that came with the books!

A quarterly snapshot, although most recent, very often may lead you away from the more accurate bigger picture. 

Remember, managment is there to run the day to day and you supervise on a monthly or quarterly schedule by reviewing the expenses and performance. 

You’ll be able to write off most of the quarterly payouts, which means you basically get tax-free passive income throughout the holding period.You will, however, likely owe taxes on the appreciation income you earn upon the sale of the property.

I'd recommend finding a bookkeeping service that could do this quarterly or semi annually for you if you just have a few units. 

I brought a cupboard into the kitchen on a dolly and when I entered the kitchen where the click-lock starts the weight of the dolly seriously busted a quarter-inch of the flooring due to the weight.

Did your accountant help you with quarterly estimates?

In addition to that, they can audit your books and if they determine you should have been filing quarterly estimated taxes based on when those profits were realized, but did not, they will retroactively file them for you and assess penalties and interest on them.My CPA is a former auditor with the IRS who is now an enrolled agent.Her final recommendation for anyone doing anything like this would be to find a really good tax attorney with trial privileges in tax court because they will probably need them.You definitely should seek competent paid professional advice on any scheme like this.By the way, I agree with you 100% on the government and taxes and tax avoidance is legal, tax evasion is a felony.