You should keep copies of these records and receipts for 7 years (some will say 3 years is long enough; however, keep them 7 to cover yourself).Open a separate business bank account after you obtain an EIN number from the IRS: http://www.irs.gov/businesses/small/article/0,,id=102767,00.html This will be submitted to anyone requesting a Tax ID number for your business.You will make a copy of each receipt or scan them into your computer and keep them in records.

They don't tend to give discounts for things you should have taken into account with your initial offer.

If he really wants $10K in hand, though, set the price high enough to cover his side of the costs.Also consider the escrow account.

If you have a mortgage, call your loan servicer and see if they can help and set up an escrow account.

I can give it a try on my account, unless if you know already that Buildium can't accommodate your late fee structure.

This means we hold each other accountable for achieving our goals.

I have read a dozen books over the past year on real estate/property management/investing, listened to hundreds of hours of real estate podcasts while I work, and I have my old landlord and my accountant who invests in real estate to bounce ideas off of.I would say I do too much research sometimes and need to pull the trigger - nothing like learning from doing.

Get a FC Radar account.If you don't want to pay for one, and the properties are in LA/OC/Riverside, get an LPS account (free).

The differences in numbers can be accounted for by the following:1.

I spend 6+ weeks of effort every year navigating the tax maze with my accountant.