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.

Remember the purpose of a proforma is to determine if a deal pencils broadly, so getting extremely granular doesn't add anything useful.

I'm not an expert, however, I am extremely experienced and if I dont have the answer I know where to find it!

This seems crazy as the risk is different, the rules of what you can do with the cabin is different, and most importantly the price difference between cabins on land they own versus forest leased land is extreme.

But it's extremely common here for new folks to come on BP with broad stroke questions, without realizing the forum is a searchable database of scores of common questions with a plethora of answers already posted.Mike

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

However, I have helped a couple people with extremely basic home layouts when they were in the process of remodeling their home.

This is an extremely unusual practice, never seen this in 15 years of my investing career.

When I started, I used a $64K HELOC, and today, I’ve grown it into a $3,000,000+ portfolio.That being said, BE EXTREMELY PICKY with your first property.

Keeping investor money safe in this environment requires extreme amounts of investigation.