I have been trying to do it "right" and use accrual, but thinking I may be making things harder than they need to be.Even with just a handful of properties, things are quickly spinning out of control with journal entries for accruing property taxes monthly (paid at the end of the year) and insurance (usually pre-paid and then expensed out monthly, but each property seems to be a little bit different).

Hey Lisa Phillips ,Just out of curiosity, who are you using in Richmond?

One more question:  Besides the amount I would pay at the auction sale, how can I find out the amount of taxes owed post-judgement that could possibly be accruing?

I guess our nature is the curiosity to always learn more.

The benefit of this relative to a normal refinance is that the traditional route of refinancing prevents you from choosing when you start accruing interest. 

But we have 40+ homes selected to view beginning Sunday, so this was more of a curiosity question than anything else.

In fact, just for curiosity, how is it different from maybe a 40-unit place?

I've seen spreadsheets with people showing 50% expenses but never a breakdown of how they accrue that cost.

Out of curiosity, what are the seasoning requirements and LTV?

Out of curiosity - what would a home run look like?