Xero also has a number of features that QBO doesn't have, such as project tracking and multiple currency support.I have clients who use Xero, and they're all very happy with it.

I didn't end up doing it and here's why:In seller financing, many things can go wrong when you are the bank and you might find yourself in a risky financial situation.

So keep an eye out for any major improvements needed in the first few years of your ownership (roofs, exteriors, HVAC, electrical rewiring, etc) Things to know before starting: Make sure you buy at a basis in-line or below market comps (on a per unit or rent multiple basis).

It is situated directly behind my brother's rental and is .22 acres.

If this tenant doesn't move out, I risk postponing the close date, and losing money on the mortgage every month this situation drags on.

Feel free to reach out if you need more specific information about your situation. 

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.

That said my go to 'line' in situations like this is something to the effect of: "Thanks for clarifying that requirement for me, could you point me to the specific section or sections in the code that covers this?" 

Hey Chris,Yeah, it's going to vary pretty widely by group, and even internally within a lender their programs will vary based on the committed square footage that is committed to residential v. commercial.You will also likely find variance depending on where the property is located and the active tenant situation.

My hope in bringing this to the forum is to see if I'm looking at the situation through a limited lens or if I'm seeing things clearly and just not wanting to let go.