@Glen Dall Make sure you are using QuickBooks Premier or Accountant version.

Have not tried desktop version yet.

Alex,If you click that "Podcast guest on Episode 243" link at the bottom of my post, you can hear the whole sordid tale, and it does not take longer than an hour :)  Cliff notes version, I did a new construction, lost a bunch of money, worked like hell to rebuild my balance sheet, and then started buying rental property when I needed someplace to park cash that had a better return than what I was getting elsewhere.

The TL;DR version is I bought a duplex in an area that has low home prices but stable rents.

I have a spreadsheet I use that I feel comfortable with (I happened to just upload a newer version of it this morning https://www.biggerpockets.com/files/user/DustinB17... ).I don't care if you use mine, yours, or someone else's, but I do believe a person should try and account for any and all expenses you can think of before you purchase.Also, I HATE using percentages for Cap Ex type stuff.

The new version only shows two!

What are your top 3 podcast episodes (doesn't matter which version)?

The riskier version is using it all for investing.My vote is for paying off debt and using the remaining for investment.Either way, good luck with your endeavor!

Yes your lender is correct.Also keep in mind, most mortgage lenders use Fico scoring version 2, 4 or 5.

I just finished listening to the audio book version of How to Invest in Real Estate by Brandon and Josh.