I have 2 vacancies and figured it was a good time to switch over from the "check in the mail" way to electronic I signed up for Cozy first and then found erentpayments.com..... haven't officially used either yet, but my first impression....Cozy is very basic and simple.....erentpayment has a lot more features that you can tailor....like accepting partials payments or not, when and how to tag on late fees, one time vs recurrent payments etc, email notifications etc etc....so you have quite a few settings to tweak to your liking....Cozy seems very basic......but is free.....but erentpayment is only $3/transaction.....I think I'm leaning towards erentpayment.com

Maybe the program needs tweaking.

I love the fact that you can tweak your business based on the numbers.

I understand that virtually every house has a number that makes it an amazing deal so I need help with recognizing a good deal when one is staring me in the face.Specifically, I need help understanding the terms/phrases used on the BRRRR calculator results page to know what needs tweaking on the previous pages to get my desired results.

I have faced similar problems in other areas , for ex , I wanted to find a nutritionist/doctor who can help with tweaking my food and suggest supplements to resolve my insomnia and some mild depression i was experiencing around 7 yrs ago .

However, I think one thing would make it a lot more enjoyable to use.I usually calculate my results and then want to tweak the purchase price and/or rent assumptions - as you know, finance is rarely absolute and it can be helpful to understand the range of returns you might get based on changes to these two numbers.

So with this side of it in mind, I tweak my answer to-- find a good balance between researching the lenders and finding the properties.

Usually there are at least a few things that need to be tweaked and improved on the second, third and fourth try... but the only way to figure out what isn't working is to start going through the process.Most people need a pretty decent runway to get things figured out before they can really go crazy doing deals (that is, if they ever decide to ramp up their business to that point - like you said, many just treat it like a side gig, which is still a totally valid way to run the business).

I would provide some slight tweaking in that I keep all my assets of the same tax type in a Series LLC to hold them compartmentalized one from another (I do this as a matter of process even though @Carl Fischer is right that performing notes have very low risk).

Even when your tweaked the numbers you get $32 per unit cash flow.