Hello Memphis BP, I just wanted to share that I finally completed my first BRRR deal sorta.Purchase Price: 76k (I bought this property from a rehabber in 2019)Purchase Method: CashMonthly Rent: $1,150Appraisal: 190kCash out Refi 120k (minus 7k for closing cost plus points) cash in hand was roughly 113What I learned during the process: Important to show income on your taxes I have a W2 so not having my properties on my personal w2 did not kill me but if you're a full time investor trying to not pay taxes or showing properties as a lost may hurt you when trying to refi. 

I’m a CPA and that was going to be one of my ways “in” when I finally contacted him.

TKS,TB" style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: inherit; vertical-align: baseline; position: relative; overflow: hidden; height: 208px;">Hello BP Family,I'm a new Investor starting a Rehab in the DFW area.

After a couple of weeks and few phone calls we made our final and best offer, but the seller said he was going to go with a higher offer.

We have been thinking about investing since 2017, finally pull the trigger, and then this happens. 

Finally I know that comps are better than using Zillow, but I was just trying to get an idea of the value.

I walk across the highway to the top of there very steep, almost a drop off driveway and am greeted with a handshake and a hug both of them with very much excitement and enthusiasm saying " finally somebody else gets it!

As Drew said, most likely you have to enter your financials from the monthly owner statement and/or yearly income statement into your quickbooks yourselves, add the expenses that you don't run through your PM's to calculate your full and final net income for your properties.

Really, I think that's the final step to maximize efficiency and stability with reserves.What are others doing out there for their reserves and capital management concerns?

I am a little nervous I have been contemplating this for about 3 years and finally doing it!