By all measures this strategy is far superior to what all the BRRR/DSCR/Poor Dad Rich Dad folk do.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Having said that, there are some pockets near the RTA off Superior and those that border Cleveland Heights can be ok but the rest of it, stay away. 

Both have been a great experience but definitely my experience so far with Memphis has been superior.

No one should feel morally superior because they do so.

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

Depending on where this rental is located, you'll want to make sure you file it with the right court (Magistrate/Superior). 

PropStream has a driving for dollars app and its far superior to Deal Machine.

query=garage#sear...If you can rent a 2 garage at $450 without spending ~$150k for a garage ADU conversion, no work/risk of the ADU conversion, the lower maintenance/capex, easier eviction, no rent control, less tenant interaction, it will not convert your SFR to rent control, etc, it seems superior to the garage ADU conversion.  

Unlike my usual market, this area seems to have appreciation not far superior to CPI.