Most PM software won't be worth the cost at this point depending on your budget.At this stage, a good ole Excel/Google Sheet will do for keeping up with your income/expenses.

Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc.

As I have been building my foundational knowledge for investing, I am at the stage where I am also wanting to keep up with the market data that, so I may better understand the specifics of the market of my choice.

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15 & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.

They should be using a net rental income analysis which would produce an income figure specific to each property based on your reporting on Sched E.

At this stage, you want to ensure that the property is cash-flow positive, meaning the rent covers expenses and leaves a profit.4.

I've come to realize that opting for a Delaware LLC might be unnecessary at this stage; it seems more fitting for the future when my portfolio experiences significant growth.

The bank underwrites the loans using a traditional "market" rent analysis for the property.

Good opportunities, early stage opportunities, may not have the best online presence, but be otherwise legitimate.Also IRR is a vanity metric, it's the wrong measurement.