you establish reporte and close the deal before other investors get to them.  

Two or so years down the line, the patch will start flapping in the wind again and the leak will start right back up.This is the sort of thing that if you don't have someone who's good and conscientious about small roofing repairs, and they are few and far between in this game, you're much better off handling it yourself, and if you can't handle it yourself, you're doomed to pay for the whole roof replacement anyway.

Regroup get some stability back and get back into the game down the road.  

. - The property manager should be able to educate you on a market (if needed) , help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.- Resonable pricing for the area! 

And even if it's still a capital gain you're going to be stuck with 25-30% fed and state capital gains tax.But if you purchase rehab, rent for a year or so to establish your intent you can then sell and 1031 without paying any tax. 

Hi Lupe,The most popular accounting software is Quickbooks, but honestly you could probably get by with tracking expenses in your own spreadsheet.Here's some things to consider:Tracking Expenses by Vendor - You will need to know how much you paid to each Vendor so you can file Vendor 1099s with the IRSTracking Budget vs Actuals - To stay on track you will want to establish a budget upfront and then track your actual expenses to forecast budget overagesSaving Receipts - You will want to save your receipts in case of an auditOtherwise if you don't want to waste your time building spreadsheets, there are house flipping softwares & pre-built spreadsheet templates that can help you manage this process.

Establishing a reasonably high credit score minimum is your best option.

The crime rate there is low compared to downtown Chattanooga, but I'm not sure if Red Bank is an up-and-coming neighborhood, an established neighborhood, or a place people are fleeing.

In my rehab, which I visit the house w a GC (so numbers are right, he game me 170k with padding and I added 15k for holding).

They’ve got the game figured out.