Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

However, the next time I buy a house, if it's a buyer's market and I know the area I want to purchase well, I'll repeat this process if it's in a state with straightforward contracts.

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Wishing you all the best with your new venture.

I'm hesitant to give up my conventional loans on the next cash out refinance for DSCR loans.

If I gave my number and got it accepted I'd still be nervous, but I'd definitely pull the trigger on the deal.I feel I'm being reasonably cautious without having any recent comps and because the one house in the neighborhood currently on the market is about $15k below his estimated ARV despite being slightly larger.

We’d need to know a bit more about your current loan balance on the house with the 2.25% interest rate.

The $500 plus install is probably fine, the $3,000 one is probably stupid.

Hey Phillip, welcome to the community!