But, excel is totally fine in the beginning.We use QuickBooks Online exclusively for all of our REI Clients.

If one is trying to exclusively use OPM then the value is there in letting the owner hold back a second mortgage.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

In such situations, a company can provide for exclusions of confidentiality.This exclusion of confidentiality states that all information shared is confidential except for certain information which will be expressly listed.

I am being told in a specific instance that copies of leases are not provided to owners because the legal binding agreement is between the property manager and the resident.In this case, I would have zero visibility on the nature of the lease terms, as well as who is responsible for certain costs borne (utilities, etc)If this exclusion to owners is allowed, what is required in terms of document retention in the case of termination of relationship?

Great deals and I would continue with them but the market dried up in 2022 with legalization of recreational marijuana in CA Since returning to investing I have been exclusively in cash.

It is my view, based on the rationale of the 15 year exclusion and based on what senator Weinkowski indicated, that it is an interpretation that does not match the intent of the law makers.  

In the jurisdiction that I own, owner builder is not exclusive to owner occupied.  

Just today, I posted something to the regular forum that is open to anyone and the same thing again to the Exclusive Pro only forum and the difference in results was amazing.

I work with a few lenders that are already making a killing by pivoting exclusively to gov't backed mortgages (read: extra back end profit) for hospitality that can't get financed elsewhere.