I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Maybe I am not familiar the practice in your area.

I suggest finding an online bank that gives high interest rates.

There are mortgage recast calculators online or you can reach out to your lender.P+I payment will go from 2155 to ~1800 given the numbers you provided.

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

A person who has spent his 2000 to 4000 minimum CPA practice hours doing foreign currency conversions at Deloitte for a Belgian energy company may not know the first thing about real estate or anything else.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have 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.

Quote from @Mikal Toliver: It’s an exciting time go learn, understand, and practice real estate estate investing.

When we purchased our laundromat, it had a strong brand and positive reviews online.

The answers to most of your questions can be found just by searching in BP or online.