It is an intensive leasing process each year, from the advertising to handling inquiries, applications, showings, etc. 

You need to make sure these people are paying on time if not charging them fees, and getting them back on track.

As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

Hello,Is there a Real Estate Appraisal tool or application or website we could use to know and generate appraisal of a real estate property (single family home, condo, etc. ?

Charging only $800 for $1200 market rent is no different to pulling out your wallet each month and handing them 4x $100 bills.

@James Harryton Look on Craigslist, Zillow, Redfin, Rentometer, and other online sites to see what others are charging for rent in your area. 

If we go with the second option and offer seller financing for the equity what interest rate should we charge and how would we go about setting that up?

We've heard this question a decent amount recently, and I'm assuming that it's Nationwide due to the stats below: 2024 is the most apartment units completed in a single year since 1987.We're definitely no longer in the days of throwing up 3 blurry photos, pushing rents, and having 5-10 applications within a 3 day period (COVID era). 

Quote from @Mei Zhu: Transunion Smart Move has an online application and screening that I recommend.Whichever you decide, make sure they provide a full credit report, not just a score.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.