Swap old water heaters only as they fail or if you’re standardizing for reliability.

General bookkeeping categories and a standard chart of accounts simply do not meet the needs of real estate investments.

Tes, keep it clean and lender‑friendly: have the purchase contracts show true market value, then reflect the discount as a seller credit labeled “gift of equity” from your parents, backed by a signed gift letter and proof they own the properties; expect the lender to require an independent appraisal, standard reserves, and that the gift only covers down payment/equity, not your required closing costs on some programs.

I lean local for BRRRRs, refis, and small multis when I need a quick, clean close.Out‑of‑state or national lenders: useful for DSCR loans, portfolio products, or when I want standardized terms across markets.

I thought they had payment standards per zip code that were essentially market?

Once you standardize those, everything else becomes passive oversight. 

*This week I wanted to highlight "ROOM-BY-ROOM" rentals vs your standard long-term/short-term rentals. 

From what I hear, charging from 8% to 12% of gross rents for long term rentals seems to be the standard. 

Some online platforms seem questionable.Where do you prefer to find reliable note deals or sellers that follow compliance standards?

We have email templates for communications and many other standards that we follow through all steps from purchasing properties, marketing, onboarding, rent increases, evections, etc.....