State RE Commissions examine files closed in Brokerages, they also go to closing companies, I believe holding periods are seven years on site, files are thinned out and contracts and HUD-1, title and other docs are sent to repositories by companies, they use to micro-fiche docs, I'm sure someone scans them now, the history of transactions is not hard to discover.

I'm not saying it's the wrong choice (f you want to buy a duplex you'll certainly need money for downpayment and reserves) but that debt will have an effect on your debt-to-income ratio that will be used to figure out how much of a mortgage loan you can get.

Keep these transactions separate and the book keeping separate as well.

Accounting 101 and 102 is generally required or helpful, but only to the extent of understanding the effects on assets, liabilities and reading financial statements in a management decision, but again you can catch on.How will it help in RE?

Private money or transactional funding?

All debts that you have made or guaranteed personally that will have payments due for more than 6 months will be used in your DTI ratio regardless of how you move properties around, it has no effect on your liability. :)

We invested there in 1997 but we felt that in order continue to be effective you need to either set up an office and staff it with your own employees or spend a week per month there (Buying, Fixing and Selling or Renting), then you need Volume to justify your time...

This is how you can get involved and be a part of a transaction that you otherwise aren't ready to participate in at a more skilled level yet.Time is of the essence and instead of trying to learn how to do this while it is in your hand, you should do the best thing to move the deal forward by putting your buyer in contact with the seller now.

The speed and terms of that transaction are governed by the contract he has already entered.

I'm very opposed to doing zero interest notes, but not in this case, if it's zero you won't have any interest deduction expense making your statement true.It's not for you to explain to the seller that the transaction must be reported by any title/closing agent.