It will familiarize you with the basic terminology and benefits.

Mine has grown over the years to accommodate more properties and analysis, but I've divided into basic sections:Revenue (by unit)COGS (I know, but old habits.

I have a basic spreadsheet built for clients that I'm happy to share for free.

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

We follow a similar model as @Bill B. and with similar results, except our properties are from the 60s, so we gut them and rehab from the studs up, basically resetting the clock. 

A little secret is that Property Management companies come in two basic varieties.

With the exception of 1 bedroom units, you basically have 2 options:-Oversized/commercial machines (potentially multiple sets)-Off site cleaning with clean spares on siteThe latter is almost always the most efficient and basically what hotels do at scale.

You need to take note that the different guidelines are important and you need to follow the different basic guidelines accordingly if you want to take advantage of the 1031 exchange.

He is good for the basics like money management and not being stupid with your finances.