Quote from @Zach Logan: Hi everyone, I am posting in here to hopefully find someone knowledgeable and respected in the tax business for real estate professionals.

Real estate is an asset class where experience, knowledge, and strategy outweigh age!  

Hey I'm here to help inform people about how the loan process works! Feel free to reach out with any questions I would love to chat with anybody about how the deals get structured, it's my passion !

Good morning real estate investors 
id love to connect with and network with other real estate investors on here.
who knows maybe we can provide value to each other 
Have a blessed day everyone 

We've found it has superior reporting features and integration features and is overall more efficient to work with than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

Can you please refer any SB9 experts, land use consultants, or developer who can share experience going thru SB 9? 

When you sell it on terms, each payment you collect typically gets split between principal (which just lowers your note balance) and interest (which is the taxable part).I’m not an expert on the accounting side, but I do try to stay open to learning more about these things as they come up, especially as I dig deeper into different parts of the land business.One tool that helps is a simple amortization calculator like Bankrate, it shows how much of each payment is interest vs principal.Also, IRS Publication 537 is a solid starting point for understanding how installment sales get reported.If nothing else, keeping clean notes and setting up a system early makes tax season way less painful and eventually bringing in a CPA who “gets” land notes is well worth it.Here's various resources that could be useful to you...Books (For Foundational Knowledge) 1.

I am no expert, but I do own a SFH in Richmond. 

Whether you want to be the local waterfront expert, the multifamily expert or the land expert...become extremely proficient and the local expert in your lane.

This means less competition for those who are serious, hardworking, and committed to building a long-term career.You'll Learn Real Skills: When you can't rely on easy refinances, you're forced to become an expert in purchase loans.