What has been your method of looking for deals?

I also offered to write them an IOU for double what the course cost if they would accept me into the program and teach me the methods.

And what are the pros and cons of this method.

Again, these are quality leads from a direct mail campaign and other methods.

@Jeremie CortezFor us, all rents get paid into the same account, but make sure whatever accounting method you use tracks payments by each property individually.

Another advantage with this method is you get a chance to make repairs and upgrades before your first tenants move in saving tons of headaches fixing problems of a 50 year old house later.

@J ScottIntent is key however if a pattern of suspicious activity occurs the IRS will probably still have issues with the method used.

I use the method described in one of the Rich Dad Education books [I'm not sure which one maybe Rich Dad RE Tax Advantages or The Real Book of Real Estate].I have an S-Corp as my "parent" company and then LLC's under that.

All these comps are within 200 sq. ft of eachother and I'll be using the square footage method to get my ARVMy question is... is there a reasonably reliable way to adjust the sold price of these homes based on them having an extra bedroom and bathroom?  

There are a lot of different methods out there.