With that said - doing the books for a flipping business is not so difficult.You will have one large asset(Inventory(house)) that will keep growing until it is sold and removed from the balance sheet.

Buy the property subject to the note/mortgage they just got and have them carry back a 2nd mortgage for the balance owed.

Looking for folks' understanding of "snowballing".From what I've found while Googling generally, it seems to be a hybrid of the "Debt Snowball" promoted by Dave Ramsey and "debt stacking" from Primerica in that it suggests to order debts by highest interest rate first, although the one with the highest rate may not be the highest outstanding balance.

I recommend choosing a market where you can break even or better on a monthly/annual basis, and experience moderate to strong appreciation.I also have plenty of clients who don't care about appreciation and focus purely on a monthly/annual cash cow- but I recommend a vacation rental property in a market that offers a balance of the two.

I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint. 

Milwaukee is fast becoming a destination for NextGen workers looking to learn new skills, earn more and better balance work and home for long working lives.5.

I have a spreadsheet with a summary tab that clearly lays out my monthly/annual cash flows, portfolio loan balance, equity, etc. 

How high do you plan to let the HELOC balance get, do you have enough other cash to pay off the HELOC should the bank call in the outstanding HELOC balance in full?

Checks and balances, have my core 4 check each other.

Is there still a balance on the items sent to collections?