I suggest asking for proof that they've been paying their rent on time and for a full accounting of all expenses at the property.  

or should I wait until next year when I’ve actually made profits made to hire an accountant.

What accounting software do you use to keep track of trial balance, and build financial statements for your wholesaling business?  

I lost $14k cash account, a friend just had a mortgage payoff and had $200k swept. 

I can see when tenants schedule rent and I can add late payments on to their account.I also have one tenant that deposits directly into my bank account which works well too.The advantage of Cozy is they never need to leave their house so it is very easy.

Account ClosedJust a small disclaimer: there may be aspects of your agreement with the other person that makes it appear more like a partnership than your post would show on the surface, so be sure to have the conversation with your CPA regarding the code you researched.This has been my understanding as well.

Thanks Account Closed and thank you!

Your purchase price should maybe be +/- $2000 from the appraisal price, but typically you should pay the appraisal value.Everything should be in-house - rehab work, management, etc - a turnkey company shouldn't be making you sign a contract for a third party management company because then they aren't really accountable to you long-term, the PM is.Beware of scarcity or scare tactics in sales.

Don't look at Zestimates and think they can be relied on, as they don't take all the criteria into account.

You could have easily already accounted for these things, but if not that will definitely bite into your cashflow.