;D$2000 for letters to send to absentee owners$700 for the list of absentee owners$200 software for tracking leads, project management, contacting buyers, ect.Then about $3,190 left over for a 3.5% down payment with a conventional loan on a property <$90,000.

It's a Kelly blue book software that can estimate repairs without any contractor experience plus it estimates material and labor down to the zip code.

Curious what software you guys recommend for taking direct deposits and rent payments.  

Not sure what accounting software you are using I recommend using one that allows you set up business classes so you can identify income and expenses between the two types of businesses, this will help greatly at year end when it comes to seeing if you are at a profit or loss on each company.  

IE  CPA  Lawyer  Doctor,, Software engineer..

A lot of people manage properties out of state themselves and with the right software I bet you can do it.

It should be very clear to you if that rental income is or isn't being counted.If the lender can't show you that simple math, then it's likely that either they have deal-killing overlays, or they are over-reliant on glitchy software (which can also be a deal killer, I've literally had to walk underwriters through manual math to convince them that mortgage software doesn't understand mortgages, so here you are with the old fashioned math making it work right in front of you that I've provided yielding a 32.388% DTI and not the 74% that the software is spitting out, now go spend an hour on the phone with tech support to fix the software, and I look forward to the updated loan approval email in my inbox once you've done that and the software reflects 32.388% DTI, thanks).Basically: "Show me your old fashioned back-of-envelope math, or GTFO."

By profession, I am software engineer.Regards

All digital photos should be edited so having a good knowledge of software editing tools like Photoshop and Lightroom are necessary for editing as well as creating HDR ( high dynamic range) photos.

Professional, software company owner for 29+ years.