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.

Carli my name is joez 😊 .I have been and investor many years .First a few tips read rich dad poor dad Robert KEOSKI to simplify investing .Second to me it's all about the numbers .If you have NEGITIVE cash flow and there is no room for growth you are not in the right place .Finally keep all your investments within 20/25 minutes of your home you will be taking many trips in the beginning to open doors or turn on switches lol .Look in a good deal there is meat on the bone say and older person neglects in a good area potential clean up and flip so on .Final piece kiss keep it simple spiggette it's in all investing books hey good luck any questions I am Always looking to learn and do better 

I've read through the contract and will summarize here with simplified numbers (not the actual numbers) what I believe the contract says and follow up with some questions for you more knowledgeable members:1) Purchase Price: $100k2) Initial Down Payment: $10K3) Buyer pays seller monthly payments based on 30 year amort of 90k at 5% which is $484/month4) Remaining principal balance to be paid off on the defined Closing Date (roughly 2 years from now)5) Buyer pays taxes and insurance6) Buyer to provide Seller a Loan Commitment from a Lender on or before the Closing Date7) Seller will transfer Deed when Buyer pays full Purchase Price8) Buyer will pay the Seller's existing monthly mortgage payment that exists on the property, which is $100/month, directly to the bank.

Also they are on the same lot which would simplify things like others have stated.

@Kerry Baird  @Stephanie Potter  Fannie Mae just simplified their multiple financed properties guidelines to allow cash out on 5-10 properties.  

Basically, if you buy a property that is priced at $110k and its market value is $120k, then the extra $10k is instant equity - meaning if you turned around and sold it right away you should make $10k profit, in simplified terms. 

I have been just using Airbnb for a while to simplify everything.

However, this just makes my decisions even harder because I cannot get a good grasp on what my goals should be prior to purchasing.I can see how including many investors into the equation can make it difficult, but what if we simplified the scenario by just using 2 investors, me and a friend.  

Based purely on this, I'm inclined to buy out the ground rent owner just to simplify our lives. 

For me it makes sense to contribute to my 401k, realize the tax savings and simplify my life (by not managing additional assets in real estate).