Net Income is a bit more complicated for big corporations, but much of that doesn't apply to smaller operations like a rental property.Take a look at Investopia.  

The second property is a little more complicated it is 5 acres out a ways from town and has a 4500 sq ft home that is not completed.

I think I was trying to make it too complicated.

The cost to create this document can get expense depending on how complicated your operation and partnership is.  

Prior to 2013 we did a fairly large write down of inventory so it made my financials a little complicated. 

There's nothing complicated about the numbers. 

Hi Andrew,The purchase part isn't too complicated but arranging financing and the tax implications can be.

As some of you might realize, these type of deals are logistically complicated and need to be treated with lawyers and extreme scrutiny. 

Why make that more complicated than necessary?

When I tried to explain to the agent and her broker about this being a wholesale deal and there's usually no buyer's agent or commission involved and that I was only agreeing to pay the agent a flat fee b/c I felt she had helped the buyer it just got complicated.