It's kind of complicated.

Games are fun.. but compared to Korean drinking games, much more complicated..)

If you buy it in TX on sub2, pay the back payments, you are hard pressed to resell on a wrap to profit.I try to get the seller to make up the back payments and I supply the debt relief by paying a payment every month to the seller's mortgage co.And I would need a positive cash flow of at least 300 a month, rent or owner finance payment to me vs PITI.Sub2s are complicated and you need a plan to refinance if the loan is called. 

I would use Excel and categorize everything using the appropriate values from whichever Tax Form would be applicable to your situation (Schedule E, 1065, etc...)If you learn how to use some of the advanced Excel features like Pivot Tables and Filtering then you dont need anything more complicated if you are using cash basis.

It can get a bit complicated but works in every situation.

Nothing complicated. 

Complicated but crazy beneficial. 

@Ciro LoCascio and Account Closed This is always a topic of debate because the math is somewhere between complicated and impossible.  

Hello all,I'm a member from AZ, but have a brother in NJ with a complicated issue.

So, expensive but they get the job done for people in complicated situations, like me.