Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Good morning, I am currently using Turbotenant for tenant screening/rent collection and reminders, and lease creation.

In addition to organized bookkeeping, Buildium provided other benefits that accounting only softwares do not, such as lease renewals with esignatures, maintenance requests, a tenant portal for rent collection, 1099 preparation for vendors. 

I even do my own taxes on turbo tax, but use management software to collect rent and track expenses.

Flip props, and collect the rent 

These are building improvements that likely won't impact your rent collection but you are still obligated to share in the costs.

When our tenants move in, we collect the first month’s rent along with a one-time, non-refundable move-in fee that’s typically a little less than half of the monthly rent (for example, $600 for a $1300 rental).

you should collecte deposit the moment the lease is signed or 24hours max. no deposit, the lease is void.

But I have started to take my real estate endeavors serious over the last year and my studies much more serious over the last 5 months and although I may not be ready, I am ready and eager to take that leap of faith and try and put what I know into affect with the right people and obtain my first property in the West Texas area via House Hacking or a buy and hold deal within the next 60-90 days. 

This is because Mortgage backed securities are in direct competition with investors looking for "safer" investments backed by the full faith of the United States Government.