I actually have some friends that use Stessa or other tools to do the lease signing, etc. because that is what they are used to, but choose to do rent collection and all of their transaction management in Baselane because it is so user friendly and really prepares you for reporting and tax season.

In some homes planting the front or placing pots could increase the curb appeal, in others it could be paint or furniture etc.

I know this is an old thread.I'd like to get a more recent opinion of these apps.I think the DFD options is very interesting.What we want to do is endorse one of these for our Real Estate Club in Greenville, SC and have a contest for our members to see who can find the most deals with the software.Maybe try and get a rep from the company we choose to come and speak at one of our in person meeting and also negotiate a longer trial window if possible for our members.

Other than that, you can prepare a simple notice letting them know that you thank them for applying, however they did not meet the criteria, and you can choose to tell them it was based off of their credit, and or background or simply just say that the minimum requirements were not met. 

New roof, interior & exterior paint, finished additional living space What was the outcome?

Each option has different implications, so choose based on your financial goals.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

If you choose not to owner occupy you'll need to put more money down (like 25% vs 3.5%), so just keep that in mind. 

For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).

Is that 25% down on the total construction costs when you choose to break-ground?