It sucks but is the best way that I know to hit the fast forward button on your investing journey - especially in the current market.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

The units are all currently occupied right now, so we won't have to worry about the buyer's market right now haha.With the cash flow I will receive, it will be enough to take care of property taxes, insurance, and enough to save up for any emergiences with the unit that I will need to take care of, so no need to worry, I got you :)!

How valuable is this location in that market? 

Study the market.

The cost is minimal and I am smoking the closest competitors in my market.

All these properties were purchased for under 100k (not possible now, we got lucky with the downswing of the market at that time).

Until the lease ends and then the legal notice time in your market has passed.

What's your criteria for the market you're interested in? 

UNTIL YOU SELL THE PROPERTY... then the cap goes away and you are taxed on the fair market value of the house which is usually the new sales price less maybe 15%.