Initially they had  a free version, which allows to manage upto 25 units.Since it is only 1 unit, PM software might be an over kill.

Moreover, the investor that hosted the video conference stated that many of his deals are funded initially with hard money, plus he helped me with the numbers that I was utilizing in the calculator. 

Scenario: If one is to buy a new home to use as a primary residence ( till say Jan 1 2025), fix it up and get it ready for STR use starting Jan 2025 while STRing the initial primary until Jan 1, 2025, then move back to the initial primary and fulltime STR the new property..

That's an initial CoC return of... $1200/$45K, or... 2.67%.And then in month 14 the furnace goes. 

When we were initially introduced I was going through a hardship and trying to identify solutions Jeff, workshopped a ton of strategies I could use WITHOUT using a lender, so that I could be in a better position to make a more sound decision in the future. 

I am curious about how he comes up with the number. . . . the formula goes NWROI = (cash flow & rent savings + loan paydown + appreciation)/ Initial Investment So, if you have a low initial investment - it looks good on paper.

Anywhere between Greensboro along I40 to maybe Mebane, Graham.. open minded actually.. house hacking was my initial idea 

I initially looked at this deal as a flip but realized it works as a BRRRR and I would prefer the tax benefits to the tax penalties of a fix and flip.

There are always people who can rehab cheaper than you and have lower initial ROI requirements.   

The returns initially are poor.