At the time QB was not the best for property management.

For those of you who have used virtual tours in your listing's have you seen a difference in how quickly properties sell or rent?

They are designed to acquire, rehab, then get out of the loan quickly. 

@Owen RosenI appreciate the quick reply Owen.

I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In  that until I refinance each property which have already appreciated extremely quickly given the current market. 

@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses.

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

If you feel confident in the tenants signing those long term leases, this is a slam dunk and you'll have a cash cow on your hands very quickly!

I'm in Rogers Park, Chicago. I have several people interested in being my roommate. So far, I have two people who seem they could good tenants. I did find them on Craigslist though.My mom has one property in Romeovill...

Next time if you’re not going to use an inspector then do a basic inspection yourself.