That said, you should adapt your strategy based on the market conditions.In lower-cost markets or areas with less competition, you might still be able to hit 1%.

Even if the numbers look good, you will get tons of competition that eventually will drive the price off your excel sheets.

This area is an amazing place to live, and for that reason highly competitive in terms of real estate investing.

I think the easy button here is to buy the biggerpockets one, but double check if it is up to date on the most recent changes.

We did look at brokenbow, beautiful area but it looks like there is a lot of competition there now.  

Hi everyone,
So I just purchased 2 properties and it is part of a portfolio loan. Its 2 properties in 1 single loan. I use Stessa only for the tracking feature (transactions). I have no need for the rent collection ...

South Florida is a competitive market, and you'll need to do your due diligence on zoning, parking requirements, and other restrictions.I also made a quick video breaking this down in case you’re interested in hearing more details.

@Jay Hinrichs wouldn't eliminating Brokers decrease competition, and access to competitive offerings? 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has 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.

And, that this return to office will manifest itself first in suburban areas with relatively less competition and shorter commutes for local workers, and that re-absorption of inventory will take a lot of time in urban areas with tons of vacancies.