I’m looking for strong recommendations for solid rental property book keeping (e.g. financial statements and the health of a property month-to-month).

Hi, Tom,To my knowledge, there is no way to access cashflow prior to 59 1/2 without taking a withdrawal (or a loan and I strongly recommend against that) from your 401k .

I waited until they opened each parcel up to offers before I jumped in and made a strong offer.

After the 3 year private money loan is paid off the property will cash flow very strongly.

She's extremely sharp and someone you'll want to develop a strong relationship with. 

@Sam Collins I don't know the Houston market but what I'm seeing on a macro level is that the market is still strong.

You are in a strong negotiating position with them. 

If rental demand is strong in your market, this may not be as much of a problem. 

A lien under this subchapter does not attach to:(1) wearing apparel;(2) tools, apparatus, and books of a trade or profession;(3) schoolbooks;(4) a family library;(5) family portraits and pictures;(6) one couch, two living room chairs, and a dining table and chairs;(7) beds and bedding;(8) kitchen furniture and utensils;(9) food and foodstuffs;(10) medicine and medical supplies;(11) one automobile and one truck;(12) agricultural implements;(13) children's toys not commonly used by adults;(14) goods that the landlord or the landlord's agent knows are owned by a person other than the tenant or an occupant of the residence; and(15) goods that the landlord or the landlord's agent knows are subject to a recorded chattel mortgage or financing agreement.

Leveraging your money (20% down but controlling 100% of the asset) will get you there much faster and the risk is pretty low if you follow some basic rules (know how to calculate cash flow, buy smart, maintain a reserve, have strong policies and procedures in place for renters, know your laws, etc.)