My wife and I are hoping to purchase our first investment property this year. We'd like to buy an older house, fix it up, and either sell it, or place it in some type of rent to own program. I'd imagine that if we're successful (and we plan to be), we'll eventually have several houses in our inventory. Even though these will be in some type of purchase program for the eventual buyers, they will technically remain "rentals" until such time as the final purchase is made and tital is conveyed. To keep risk to a minimum, we'll probably keep each house in a separate LLC. This is a rather specialized small business model. Does anyone have any recommendations as to the best accounting program to use for such a model......or better yet, does anyone have any recommendations for the best websites to view a collection of opinions on such a matter? Thanks....
