Endless financials, tax returns, and questions from guys sitting behind a desk that have never ran a business, risked capital, sold a product.

@Olu OwasanoyeUsing entity like LLC is for liability and asset protection only.

I just need to check with legal to make sure the LLC still provided the same protection if we are personally guaranteeing the loan. 

You need to look at it this way.Not all Bookkeepers are Accountants and not all Accountants are CPAs.Bookkeepers are typically just data entry with a little knowledge of accounting.Accountants typically have a degree in AccountingCPAs are licensed.Not all CPAs know real estate and that goes with Accountants too.A few times I had to teach a CPA to learn how to book certain items correctly.You want someone that show you the financials and break it down to you in details.

I started to listen to that podcast because I wanted to learn on how to achieve financial freedom. 

@Charles Chiu get or talk to your Asset protection attorney.

It also depends on your position financially and how much you want to leverage.

I have been looking for a program to keep track of financials for each property, individual unit, but not having much luck outside of full blown PM software which I wouldn't be utilizing most of the features.

I want to put together a leather bound notebook that  would have a good 1 sheet with info a bank would like to see and then have more in depth financials as other documents that I will need during the application and underwriting process.

A Payment Schedule should outline Payment Milestones, Amounts & Terms which describe the work that needs to be completed in order for the Contractor to get paid, how much the Contractor gets paid, and when the Contractor gets paid.Form W-9You will need to get a W-9 from the Contractor so you have the Contractor's Name, Address & Taxpayer Identification number which will be used for preparing Vendor 1099s for your Contractors at tax time.Proof of InsuranceBefore hiring a Contractor you need to make sure that the Contractor is carrying the proper insurance to protect your property, investments & personal assets.