Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Remember the purpose of a proforma is to determine if a deal pencils broadly, so getting extremely granular doesn't add anything useful.

However, I have helped a couple people with extremely basic home layouts when they were in the process of remodeling their home.

This is an extremely unusual practice, never seen this in 15 years of my investing career.

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

Buying hood properties with what is basically credit card debt in today’s market is so extremely high risk it borders on recklessness.

I use to mentor newbies at an extremely low fee.

I'm not an expert, however, I am extremely experienced and if I dont have the answer I know where to find it!

I'm an investor and property manager who is extremely knowledgeable about the Garland area.

Establishing a relationship with a few of them locally or nationally [if you have a network] would be extremely beneficial.