$1600 rent, Mortgage $1150 - maintenance cost is usually really low for first 2-3 years since its a brand new remodel.All in all its a high class asset with strong cash flow and easy to sell when we want - best of both worlds.Originally posted by @Christian Wathne:What does your rent and ongoing costs look like on this property?

Then check out Buildium, its a more full service property management software, which means it costs more, but should save you a lot of time and included rent collection online. 

Its the only chance you will get to buy cashflowing assets using barely any of your own money.

Hansen, I have never heard back and he is most likely living on my 15k while looking for his next sucker.As a sidenote, I did discover a great piece of software called phone view.

I have the cash for half the down payment but don’t have the assets or anything for the other 90%

And I agree that tracking expenses for a small number of units is easily done without purchasing expensive property management software.

I would also point out civil asset forfeiture is more likely because it really does pay for itself.You might also want to follow the many cases where people are challenging prosecution by claiming equal protection violations.

Usually you need to be a broker if you are third party manager...making money off of another person to manager assets that you have no ownership in. 

Memphis Invest uses a software called PropertyWare to track all expenses, collect statements, and create a ledger of accounts receivable, paid, outstanding, and overall return on investment.

After researching I see that having an LLC protects our personal assets in case of a lawsuit by a tenant or contractor or whatever else.