The basic premise is creating an LLC, opening a line of credit, even if small. 

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

Selling the rentals via installment sales could also spread out tax liability.This post does not create a CPA-Client relationship.

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

Affordable housing is about the housing itself and the economic environment it is created in.

If it didn't cash flow perfectly none of that mattered to me because I was buying buildings in good neighborhoods for the long-term generational wealth they'll create 5, 10, or 15 years down the road.

@Tim Holt Come February, it's legal to create an ADU by-right on any single family property in the entire state.

BP creates the impression that if you're not buying, you're automatically in 'analysis paralysis.' 

We’re really best suited for those high income earners out there with strong investment experience and cash positions to literally take the reigns and create a strong cash flow product and tax write off for them with minimal time spent on their part.

So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.