However, would most consider the $116k personal income and have a bank account where it all flows into for spending however you see fit, be it reinvesting, personal travel, etc... or would you consider it business revenue and take a salary?

You’ll need to borrow money from relatives/friends or from your retirement account (if you have one).

Account ClosedAs an independent contractor, you can design your business any way you wish.

Hi Account Closed!

I make payments from my business account to the HELOC.

Account Closed John can speak more to this, but it really depends upon your target cash on cash return, cap, and type of property you want to purchase.

Yes...I know I need an accountant, but I'm not going to be able to get one tonight or even this week, so please spare me that predictable response.

Now I'm looking for a better, more accountable and recordable system for recording maintenance requests, issues, and expenses, and noticed that Cozy had added these options.

If after you account for the work needed to be done the deal makes sense then great, if not, don’t be afraid to walk away or ask for seller concessions.The more often you go through the process, naturally the easier it gets.

Ultimately we still haven’t filled the vacancies and are still having issues with a sec 8 accounting ( which they claim is not their fault and I have spoken with others verifying that the sec 8 is difficult to work with and very unorganized) At what point do I cut my losses and move on to a new PM.