Quote from @Jason Bobby: Quote from @Cliff Benner: @Jason Bobby I have tried Stessa and I didn't Like it, I am an Accountant and went to School for Accounting, so for me I needed a software that allowed me to make Journal Entries and at the time I used Stessa, I was unable to do that, and I did not like the way the reports read when I pulled a P&L & Balance Sheet.I have found Wave to be a decent software, it is just a free General Ledger Bookkeeping software, not industry specific at all, but allows integrations.

Quote from @Sangwon L.: Hello everyone,I have some cash saved and I’m looking to purchase a short-term rental property in Anaheim near Disneyland.

Simple plan that's seldom mentioned:  spend a few hours in L/T court each week. 

Quote from @Nicholas L.: @Derik S.in my opinion - no, brand new investors should not partner.if you need more money, save up more money.hope this helpsIt's an excellent idea, but like Nicholas said, not in the beginning. 

On paper, they looked like a strong borrower, but the tax-return complexity from multiple businesses made things messy.Here’s what ultimately worked for them:✔️ Used a closed-end second to tap equity✔️ Qualified using a 1-year P&L instead of full tax returns✔️ 738 FICO✔️ 81% CLTV✔️ $225K loan amount✔️ The lower-documentation structure brought DTI from 61% → 49%, which finally made the renovation feasibleWhat stood out in this situation was how alternative documentation options can make a real difference for people with layered income or complex business activity.

@Nicholas L.

Reconcile Every Bank, Credit Card, and Loan AccountIf your balances don’t match, your P&L and balance sheet won’t be accurate.

@Nicholas L.

@Nicholas L.

When it comes to structuring a deal, most developers focus on the capital gap — but lenders focus on readiness.Over the last few years, I’ve noticed that deals move faster (and get better terms) when the borrower has a clean due diligence stack ready before approaching mezzanine or bridge lenders.Here’s a quick checklist we use internally before structuring mezzanine capital between $1M–$100M+ :✅ Updated project financials✅ Detailed pro forma with realistic DSCR assumptions✅ Rent roll or trailing 12-month P&L✅ Capital stack breakdown showing senior + subordinate layers✅ Clear exit or refinance planHaving these ready builds lender confidence and speeds up funding timelines.💡 Curious — for those of you who’ve raised mezzanine or bridge capital recently:What’s one document or metric lenders focused on the most during your due diligence?