You can easily do this on a spreadsheet and it will take less time to track than find and learn a new software.

Learn what PIPs are and how hotels are evaluated. 

The problem is that they are not knowledgable enough to understand that the analysis is inaccurate, but start making investment decisions based on the analysis anyway.That is one of the main problems I wanted to solve with DealCheck by providing a tool that takes most of the guess work out of running analysis calculations and evaluating rentals/flips/wholesale deals that will satisfy 80%+ of investors out there.But going further, I think that tools like DealCheck are perfectly viable even for more experienced investors.

I like to be thorough and hence included detailed expense categories in my spreadsheet when evaluating a deal. 

For appreciating CA properties this could easily be a 7 digit step up in value but i would think in all CA markets would be significant.  

If they are professional, they can explain this quickly and easily.

If I ever run low on reserves, I can easily transfer funds from my personal to rental account.

Some DIY lenders use a program called NoteSmith, but IMO, if the loans are too complex to easily manage with simple XL/QuickBooks, I'd be using a 3P servicer. 

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

You really need to know your numbers well and build in some good cushion.Tools I use to evaluate rentals and loans.  1.