It doesn’t have to be over-complicated.I'm an agent and investor in Cleveland, so if you have any more questions or need guidance, feel free to reach out.

You can do it all cash, but if you are looking for financing, that will be difficult without GUC experience. 

The only exception is if a tenant fails to provide a written forwarding address: landlords then need not return security deposits or provide a notice of damages until fifteen (15) days after receipt of a forwarding address in writing.Option 2 is to just send it to the last known address and for to ask the post office to please forward it to the correct address.If you ultimately cannot mail the payment or they do not cash the check, you will need to eventually send the money to unclaimed property:"Unclaimed property is held by the Treasurer until the rightful owner comes forward to claim it.

I want to make sure I’m keeping up with appropriate record keeping but with only one property, I’m not sure how to format a cash journal?

There is risk in pulling cash out of our own residence, and there is risk in pulling cash at a high interest rate out of a rental.  

Lenders WILL allow a secured loan ( like a second mortgage, HELOC, Cash out refi loan).

My wife and I had 5 SFH and 1 multi-family, sold all, 1031 into a commercial RV park, now living for free since other people pay our living expenses.

He wanted his cash now.

Just do a search.As much as I love saving money, stick with one of those real PM software if instead of these "banks" offering add-on accounting for free.

I have props in Section 8 , vacation rental, cash rentals, and commercial.