Like the old-school feel of excel :) 2) Keeps real estate transactions separate for tax purposes3) Easy to fill in expenses and income on a monthly basisIf anyone has any tips, or even an excel template they would be willing to share, that would be extremely helpful!

., being able to sound like you know what you are talking about) through the many excellent books on Amazon, as well as videos on Youtube.

I have excellent credit but I work overseas (i have tax returns but no w2s)-- would that be an issue? 

Unfortunely there is one error that I see, and this will come from personal experience.On your property, for the down payment normally they will not allow you to take out a loan for this, especially for an FHA loan.When you have water in here, is that for just yourself or all the units in the complex?

He said would, then recommended I learn excel (which I'm going to do).

I love creating excel spreadsheets and using it to analyze, minimize costs and increase profits.I look forward to networking, making new friends and business partners.N

#1 - $200k property x 25% down payment = $50k down payment#2 - Deal sponsors who raise private capital for most or all of the down payment can provide 70% (rather than proportional) of the equity to the private investors.  

I'm a corporate accountant and use Excel. 

That loan would have cost you an APR of about 29%.Certainly, the market could be the other way - but you asked for downsides...Rob--This is an excellent point.  

South Dallas, in particular, seems virtually ignored, and there are excellent areas around there for growth (e.g.