Like the others, I used one bank account for the rental business, and use QuickBooks class function to separate out the revenues and expenses of each rental for accounting and tax purposes.

Flipping is market function, not the house function per se.

...and in fact, that's my bread & butter--cosmetically outdated (but structurally & functionally perfect) "C" properties in A areas.

As an investor functioning as an agent, I like to think I bring a much more informed opinion and increased research skill (than your “regular” agent).

The downside of the hosted version (and the reason I am still looking at a local install) is the reporting functionality is a little more limited than the full install. 

Here's how you can do that:1) You can either just run mortgage calculators, or there are excel functions that will calculate your mortgage payment.

Use the lookup function.

You want to make sure you can get financing, insurance, can get the property cash-flowing quickly and are not buying a property that has reached its functional obsolescence or costs more to repair than it's worth.

This really seems to be a gap in functionality, but perhaps the is due to the relative size of the market segment.

Theres quite a few forum posts here as well.....just use the search function at the top of the page.Buying foreclosures seems like a lot of time consuming work.IMO it is easier to buy from a wholesaler (if you have cash) or buy via Homepath or HUD.