Betsy Hughes is a local appraiser who used to do desktop appraisals for TRIG members for $150 - as long as you provide photos and she can come up with the valuation without a trip to the property.

If you want to know how much you paid Joe's Plumber's service to work on just 3 of the 8 properties in april and may of 2020, you can run that report in minutes. try doing that with excel (and im an excel nerd at heart). profit and loss statements, balance sheets, expense tracking by vendor, income from a particular tenant - these are all reports i easily run (and are automatically updated) on a frequent basis. as far as receipts, i have been using espensify to track receipts, and input everything into quickbooks (i have the desktop version). however, after consulting with other BP members, i am swapping to QB online this year, and i believe it has its own expense tracking app that seamlessly integrates. i use quickbooks payments to collect rent. it gives you the option to accept either EBT or credit cards from tenants, and you can turn one or the other off (i dont allow credit card payments). for EBT, its about $0.50 per transaction. for rent once a month, this fee is worth the convenience. there are other systems such as cozi that do this as well, i just chose QB. i also flip houses, and i use quickbooks for that as well. however, i do have a few spreadsheets i use for major rehabs as well, mainly to assist with project management. you could probably accomplish that in quickbooks as well, im just not that advanced. 

Also start with Airbnb and as you build up reviews you can try out listing across all the platforms, but in PC about 90%+ of bookings come from Airbnb so it's best to build reviews there first.

The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.

The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.

Is there desktop based programs that would make this possible?

@Guy YoesThere are a couple of different programs to use to keep track of your income / expenses of which Stessa is one of them.The other big players are Excel, Quickbooks(Desktop and online) and Xero.

They'll need to complete a fresh appraisal (possibly desktop) and also qualify you for the additional access to equity. 

Does the HML do a third-party appraisal or is it their own desktop appraisal? 

The Fannie Mae limit for loans in your name via the Desktop Underwriter is 10, and the limit is 6 for manually underwritten loans.