@Patrick Franta yeah I'm tracking the taxes and HOA fees separately in the worksheet I provided.

The good news about BRRR is it will fast track your investing goals.  

Supercharger system is far and away best system out there.. there is no POS charge system its on your credit card and automatically billed.. my first 3 Teslas were grandfathered in and I NEVER paid to charge however all the early buyers still get the free charging.

FHA vs Conventional will largely come down to your credit score, downpayment, use, income/DTI, and future plans.

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

By this time next year, we aim to have invested in our first rental property and improved our credit, setting a strong foundation for a successful and fulfilling future.I am open to any knowledge or advice anyone has to give as I am currently learning about real estate investing. 

It offers features like Automated rent collection (Tenants can set up auto-pay) and you can receive payments directly into your account without any manual tracking.

One thing I would highly recommend that I wish I knew was ask if the seller would be willing to give a credit for a sewer scope, and get a feel for how much they will give. 

I have kept track of all my expenses in an excel sheet/word document but feel like there may be a more organized and efficient method to tracking?

What credit score do you anticipate tenants having?