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.

I would slightly undercut your competition to get bookings rolling in and start getting 5 star  reviews.

As someone who moved to Waco from Miami just because my wife got a senior position in Magnolia, I've met many families and individuals who have come to Waco from LA, NYC, Seattle, etc. just to work at Magnolia, SpaceX, Baylor, and some big churches in town, such as Antioch.

I also have a LTR single family home with positive cash flow.  

I haven't heard from an actual owner of a Padsplit (reviews from tenants are hit or miss).

I was using Pricelabs for my portfolio but after awhile I realized that it's better for me and my staff to review the MTR prices monthly and adjusting them as needed instead of using a dynamic pricing tool. 

I have been taught to back into the price on what it's worth to pay.I'm in Pierce County, WA.For me, if I have an opportunity at 40 townhome lots I am figuring probably 250-300k in all the soft costs and city/county review fees.

Once you have a steady cash flow and a better understanding of what goes into renovations, you’ll be in a stronger position to move into MTR or consider a fix-and-flip project.

Instead, he suggested I find a GC that's willing to enter projects in a "supervisory" position.

@Ben Azubuike it's technically too late to add anything else if you've already signed a purchase contract.You can try to negotiate with the seller for review of:LeaseRent LedgerTenant approval criteriaAt closing you also want acceptable copies of tenant's: DL, SSN, paystub, bank statement, phone & email.