Do any of you use the cloud software, truerent.com? 

Since it is only one property, i think excel sheet will be enough but if you buy a few more properties, you should use some kind of property management software as it covers almost every aspect of your property management work.Here is the list of individual softwares that a lot of independent real estate owners use.Document storage : Google drive, Dropbox, BoxRent payment : Cozy, Zelle, Rentpaymen.com, ClickpayAccounting : Quickbooks, Freshbooks, Xero 

Had I done this before purchasing my current home, I may have had more leverage in my negotiations (poor HOA performance, poor property management, etc).I'm a software engineer and get excited by problems that I think technology can solve, but I'm not sure if this is one of those problems. 

Now it is worth 10x what he bought it for (based on my cost estimation software I use in my industry and knowing the cost per sq ft very well in my area, I am inclined to believe he is very accurate), he states he just wants X dollar amount for it and even after the gifting of the down payment, there is easily enough equity remaining to make that happen.I don't ever want to acquire or amass wealth through shady deals or taking advantage of anyone, so I know the statement of two players playing each other is a false one.

Bottom line is, there are already blanket software programs out there to determine costs.

My name is Ley, I am a Software Engineer at a Bank on Wall Street, who recently developed an interest in Real Estate.

Therefore looking to use "other peoples money" as much as possible to fund the deals.I am an engineer working as a full stack software developer (backend/frontend), so if anyone needs a hand with anything software-related, I'll do my best to help.

@Stephanie D.I have been doing the renting investment for years while keeping my W2 (IT industry as a software engineer), but I never want to get into a remote business.

Your CPA should help you, forum CPAs, and or online tax software should picK it up and show you. 

We have a very open line of communication with our tenants with regards to requesting maintenance (they can enter a request online via our PM software), and I'd say it's exceedingly rare for us to go more than three months without entering a unit for a maintenance task requested by the tenant.