I don’t know about the program you are speaking about but I’ve tried two expensive programs in the past.

Your deal was underwritten using a 5-year hold period, with a conservative average rental growth of 1.7% and  average expense growth of 5.8%.

What if it sits vacant for a month, and you lose the entire $3,500 rent income plus the cost of utilities, lawn mowing, and other expenses?

Fact that I can keep these expenses reported and "retained" on IRS Form 8582 is something new for me. 

If no budget concerns and you can buy slightly more expensive homes I would look at the top states currently being relocated to and choose a sub-market within that is slightly on the outskirts so that you can grab something of good value and have the city grow into your area for long term appreciation.

I hope this is helpful if anyone is looking for new software to keep track of their income and expenses for their rentals!

I live just outside of Chicago and its a pretty expensive market to get started in, especially when you are limited on cash/credit.

I am trying to sharpen the pencil in regards to my financial model for the single family homes that we own.  We currently use 3% but I am finding that is inadequate and I am wondering if anyone here had a back of the ...

I sold this property on a lease option/contract for deed conversion and it now cash flows about $1,000/month after all expenses.

To evaluate your situation you need to get a handle on the expense side of the equation