If you're just starting out, invest in Quick Books, and get your accountant or another investor to provide you a template that works for the type of real estate you are doing.That should hold you until you start to really rock, at which time I recommend Buildium. 

Let them walk through with their realtor and go eat some Red Lobster biscuits.

My name is Joshua, and I am a newly licensed REALTOR in Central Texas (Austin, Round Rock, Cedar Park, and all the other nearby places that are growing like crazy). 

If they have to think for more than 5 seconds a red flag would go up for me.

The inspector found a few red flags however.

If you see most properties you are interested in sell in 3 days and you show up on day 300 it should raise red flags. 

This pic does not show it but we have new gutters already and landscaping to be done soon.I was thinking buying new black shutters, keeping the rest white and painting the front door black or red.

If you are talking about the condition inside, your contract should allow an inspection OR you offer a rock bottom price. regarding the tenants you are required to honor any lease that is in place.

We just had it inspected and there was some big red flags...- Roof in critical condition- Lead Pipe for the Water Supply - Mold in Attic/BasementI'm curious to get opinions on the Lead Pipe, but our thinking is that we will just get the water tested.

Vice versa sends up red flags when you (the money guy) are solicited for funding a "no money" guy.