Tenants should be paying for anything they did that required repairs during the tenancy (eg they caused the toilet to back up, they pay for the plumber).I don't know what software to recommend, but you can do a lot of it in excel in a single file, just use different worksheets for each property within that one file.

A few folks have talked about leveraging a HELOC in the future, but if you don't have other assets to back up that play and things go south it could force you to sell your primary home - that gets real dark real quick.

I always have a back up plan with real estate .

Do you think rents will catch back up with expenses?

Well, let me back up some - they COULD have seasoning...but we don't work with those types of DSCR/Commercial lenders because there are better options for us.When receiving a Fannie/Freddie type of conventional loan - those have DTI.  

I'd have backup cleaners or hire a company that has many cleaners at their disposal.You'll need some handyman contacts and HVAC companies.Once you have these you can handle the rest remotely.Check Turno, FB groups and the Next door app to find these people.

We actually keep marketing your property and accepting back up applicants until yourproperty is actually occupied.

Hi @Sara Albee this is a known issue and we're working on getting it fixed, I will let you know when they're back up and running!

However, market conditions can change quickly, so be sure to have a backup plan if the market isn’t favorable when you complete the rehab.Reinvesting the $100k equity from your current home into your LLC to purchase additional properties for a BRRRR strategy is a strong approach for building your portfolio.

I have just been paying my credit to get it back up.