Salvador Flores I'm sure you are perfectly capable of doing your taxes, but please consider hiring a competent real estate accountant/CPA.

Perfect thank youand when you look at the pros and cons it says Property Analysis Software1 TestLimitedFullWhat are they saying by Limited?

This is certainly a great community and it is also a perfect place to learn more about REI.

Double closings are perfectly legal in TX.

I can't tell you how to do your rehabbing or how it should be done because whatever works for you is fine and I am not perfect.  

<g>Ever notice how on those carpenter shows even the most complicated wood working details:  complex finger joints, delicate inlays, and etc. all fit Perfectly the first time?

My experience there should translate to real estate even though not perfectly of course.

To be perfectly honest I'm not sure.

I have had "perfect" on paper tenants who have been horrible.

Fix soft spots in floors (3/4" osb)  Windows - caulk and plexie glass, Roof - rubber, if exterior is trashed new siding on ferring strips, and white paint interior, carpet (no pad just glue).Make sure 3 things work perfectly: electrical (may need to update), plumbing (pex lines with heat tape wrapped in pipe insulation, and furnace (don't slack on this).These tenants want to move and thins to work.