I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

They should be found early on by talking to other investors or your investor friendly Realtor.It is through effective property management that your money is made besides buying well initially.

Are there other, more cost-effective alternatives to gain similar support and knowledge?

It's a very simple and effective tool that you can use when evaluating rehabs, whether you're looking to flip or BRRRR. 

What is a good system to create around standardizing rent increases where applicable / best way to communicate it to the tenants? 

However, we are taking over from a PM to self-manage and are inheriting the current setup.Our biggest concern is that this first communication from the tenant was a sob story asking for $500 back/off rent.

@Kyle CarterAsk about their communication style, does it fit with yours? 

Several of the contractors offer helical piers but don’t seem to think they’d be a more cost effective option - we can directly ask about this again.  

Many lenders allow for low-down-payment options if the rental income covers the loan.You’re approaching this deal thoughtfully, but be sure to communicate the benefits of your offers clearly to overcome resistance from the seller's representative.