Im located in Colorado’s front range and a total rookie!

Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15 & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.

Some of the things I'd like it to do/keep track of:-Track purchase price, details of any loans, and current equity in the property as well as total portfolio equity-Track current and past rents for properties-Track total ROI for individual properties, as well as entire portfolio-Track expenses, be able to upload receipts, bills, etcAny suggestions are greatly appreciated. 

Most who propose this arrangement do so believing they are adding a layer of protection or separation between the property or themselves and the operation but that's total nonsense as well.

You can find plenty of information in books totaling $100 bucks. 

Additionally, it can help maximize renovations and improvements.39.2% of the total depreciable basis was classified as 5-year class life.

Grand total of 9k of potential rent from this property.

Stay Renting:Pros:We have a great deal on rent ($3,200 total, $1,600 each), which allows us to save, stay liquid and focus on growing the rental portfolio.We love the apartment.Cons:We’ll likely need to move in a year, and comparable places are around $4,000/month.I’m not thrilled about moving, and it feels like we’re just delaying the inevitable.Not getting any appreciation.I’d love to hear your thoughts.

You could obviously just tear it out if it came to that.