You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Also we just put a Amazon basic lockbox down low adjacent to the door with a spare inside.we also have a back up to the back to lock box hidden if someone should forget to replace the key when they leave or loose it from the original back up lock box. 

You and/or CPA should be able to provide the depreciable carryover and excess bases, if any.

>My investors have us build them properties for their passive high cash flow of 17%+ cash on cash return.we have had STRs since 1999 and all of them have total returns very far in excess of 17% annual.  

But if they have enough volume to spread out that risk with tighter underwriting guidelines, maybe that could be ok.But I suppose in reality, most doing those LTVs are also loose on the underwriting guidelines.

But the values listed  look excessive to me.  

The tenants would have to supervise the bunny closely if loose inside the house.  

You always want to make sure your bidding on 1st lien( usually the mortgage) because then "normally" any other liens are not your responsibility and fall off from your responsibility(they can make a claim on any excess proceeds from the auction sale).If your title search shows the 2nd lien being foreclosed on, well now your caught in the middle.

So what if you make a mistake and loose 10% of $50,000....you will have learned many valuable lessons and still have a piece of real estate worth $45,000.   

@Shayna Hatcher it’s good to be cautious, but sometimes looking into things too much in this business will make you loose money.