The time you want to use a new lease agreement or an addendum to reflect new terms and conditions to the original lease is when you have changes you want to incorporate into the new tenancy.

Additionally, incorporating automated data entry software can greatly enhance the efficiency of these accounting systems.

I recommend you incorporate some of these and start systemizing your portfolio as early as possible.

Physically see it, drive it, be there for inspections, etc. 

PHYSICAL CHECK = If you have permission you should physically check the property prior to the sale or have a professional inspector.

The difference is that the physical assets which make it harder for quality control.In average, it took me about a year to build a strong team, with a lot of hands-on involvement, but I spent a lot of time looking at the work.Currently, I am building a team for my portfolio in Dallas that I have with some investors, but I am here so I can look at the work closely.What I have seen is that is better to have one or two employees in a payroll and then all others as contractors.

Also, I would also suggest incorporating some property management fee into the analysis even if you prefer to do it yourself - at some point you may want to hire someone.

You can try to incorporate a seller concession to help cover closing costs and reduce cash to close.

Where do I incorporate it?

But have recently thought about the longer term picture and my passions don’t align with my career even though the job is comfortable and technically what many would call a great spot to be as a Physical Therapist.