Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

For those looking to scale their portfolios, now might also be an excellent time to secure funding.

I definitely feel that a house hack strategy is an excellent way to start.

Assumable VA loans are an excellent opportunity to secure favorable terms, but there are specific rules regarding who can assume these loans.

Here's why:Affordability: Your $180K-$200K budget works perfectly here, with plenty of single-family homes and duplexes in B or C+ neighborhoods.Cash Flow: Rent-to-price ratios are excellent, with many properties renting for $1,500-$2,000/month.Landlord-Friendly: Oklahoma has straightforward laws that make managing rentals easier.Economic Growth: Both cities have diverse, growing economies, fueling rental demand.Low Taxes: Property taxes and costs are some of the lowest in the country, boosting returns.OKC and Tulsa also have strong investor networks to help you build a boots-on-the-ground team.

Excellent advice, Dmitriy.

Leveraging equity and planning your next move with strategic financing is an excellent way to build your portfolio.

Given your criteria, Cleveland presents an excellent opportunity.

I am logging in mine on a simple excel but am curious how others are doing it / staying organized.

Also leveraging platforms like PropStream and Batch Leads are excellent strategies for building a solid buyer list.