In addition to an upfront inspection, Section 8 requires an annual inspection upon renewal of the tenant's lease agreement. 

The reality is, rising property taxes, maintenance costs, increase insurance premiums (I'm a broker so don't get me started here), an HOA assessment or annual increase, etc, etc, etc.

Annual cash flow is around $40k.Total initial investment is around $120k.

Paid the annual price for Privy and Propwire is free.  

:P Example: House in Cleveland listed for $209,000 would have an annual insurance cost of ~$877.

Expecting annual appreciation of 4% on the property value and 5% on the rent, HOA, taxes and insurance.

You are much better off transitioning into an annual rental in this situation.

There is not a software I am aware of that breaks down the annual to monthly.

Buying rentals for cash is VERY conservative and will take a long time to amass a decent portfolio.Leverage is how to grow your portfolio and wealth faster.Simple Comparison Example:1) Buy $100k property cash, it appreciates 5% in value annually => basically a 5% return on your investment ($5k/$100k).2) Buy $100k property with 20% down, mortgage rest.

The client copy of the tax return should include a depreciation schedule of each rental property that you have.If the tax return that you have does not include it, you should be able to request it from your accountant and ask if they can provide it to you annually going forward.The depreciation schedule will include the original cost basis along with the accumulated depreciation.Best of luck.