If rent payments are missed or damages occur, this gives you legal recourse against any or all tenants.Best Practices:Professional property managers, like those managing rentals across North Texas, always screen every adult living in the home.

I am always happy to chat about hard money - and I am biased, but I think I am an excellent communicator!

I have seen a few apps mentioned, but I prefer to use excel and log everything that way. 

Not only does it have excellent potential as a house hack, but it also offers significant upside for a live-in flip.

Quote from @Stephen Schmitt: Hello Dwight, I have an excellent PM I can recommend.

You are neglecting to account for gentrification, which is the biggest REI gain or all.

Stessa is an excellent, user-friendly platform for tracking income and expenses for investors.

You likely only need to do the past 3 years worth for IRS purposes.You may want to see if there is a way to export transactions from QBO to excel and then import transactions from excel to Rentastic.- Unfamiliarity of software with my Bookkeeping and Accounting team.Altough not ideal, you may want to pay and do bookkeeping on both platforms for 3 months to see if you 100% want to make the switch.I still use Quickbooks, but the desktop version, it runs perfectly for all my bookkeeping needs.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

Let me just lead with EXCELLENT customer service.