Magistrates tend to have long memories and also tend to hold grudges against local incompetent landlords.So if he wakes up and talks to someone with any brains and experience, this won't go to court, but he'll start looking for another excuse to get rid of you, something much easier to argue in court.

but generally - new accounting and property tracking softwares fall short in one of two places: 1) they don't actually generate financial statements that a CPA or Lender will approve, or 2) They can, but the learning curve is so steep or convoluted it's impossible for you to get help if/when you need it (I imagine this is why this thread is a little slow right now)Have you asked your accountant what they think will work best?

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

Imagine how annoying it would be to manage 100 single-family homes.

I have rental agreements for my LTR but couldn't imagine using that for my STR.

I've been investing since 1989, and PR investing is harder than anything I could have imagined. 

Nothing is truly "passive" and a big misconception with new folks wanting to enter the real estate arena.For example, just bought a 6 unit using leverage and trying to secure a loan was a disaster of a process.I can only imagine what others have to go through on every time they purchase a property using leverage.But then again, I'm bias to the "cash only" approach.The constantly changing conditions, terms, keeping tight bookkeeping records and tax returns in order and regularly manipulating the BS credit score algorithm.Placing good tenants is more a skill then hope.It took me 10+ years to fully wrap my head around using leverage the right way and being able to "manipulate" the system to get better rates with a quicker turn around.Keep being great thanks for your reading and replying to my comments 🙏

Yes, he can be sued by the seller; anyone can sue for almost any real or imagined cause.  

Can you imagine running an STR with “consistent” rents?

I could only imagine the legal agremeents needed on who has what right/easements etc.