Have you ever tracked how much you spend?

This could come in handy if you want to make a cash offer on a home, which will likely give you the inside track on a purchase in the hot Austin real estate market.

I would waste little time tracking down a loser.Our time is much more valuable creating the future.Franklin

I was thrilled to get that deal, I thought it was slightly under market value then (today it rents for $1800 or so, according to a website that tries to track the last time it was listed publically).I had wanted to rent in Cambridge, but I felt priced out, the best 2 bedroom apartments I could find were around $1700.

Track everything you do and review that regularly to help you decrease your expenses increase your income.  

@Jonathan Santa Seems like you're on the right track.

I don't know what tax line mapping means, but we have a due to/due from our set up on our balance sheet that allows us to track owner distributions and infusions.

Investment properties are a min 20% depending on credit and track record you may have to put up 25% plan for either.

Are you in a position with current low personal overhead (no car, house debt, no kids, etc) or do you have big monthly obligations that you need to meet?  

Some will ask you to provide an appraisal or some will order one on their own.All will most likely want you track record on how many flips you've completed.