My question is - is it foolish to hang on to this property that's at a negative cashflow, or am I on the right track thinking of the longer term benefits?

Given you also have a management company to do books for I would suggest the more expensive option of getting a management software that has accounting capabilities so that all you would have to keep track of on a spreadsheet is the management company.

Is anyone using this app (or other ones) to track their time and activities?

Not a dumb question at all, but getting a $100K loan with no track record is difficult.

You will also be less likely to miss opportunities for tax deductions, etc, because you’ve been tracking all along rather than pulling everything together at the end of the year.

@Bob Wolf we are tracking the YoY trends closely with MLS data, as opposed to the fear-mongering/ clickbait that's out there.

Hi everyone,I'm Rocky, a rookie real estate investor and a Petty Officer in the Coast Guard.

There have been complaints filed by multiple parties. having been a broker for many decades and owning 3 brokerages over the years.. at least out this way when complaints come into the DRE and they are numerous they will most certainly send an investigator to this companies office and request the books.

The contact information for all contractors so that the title officer can call each and every contractor to verify payment3.

-Will it be robust enough to track additional business expenses that are NOT tied to a single property (IE; Business insurance, Home office, ETC?)