It will take a bit of hard work and some initial capital, but can be fruitful if you get good at it.

I have a young tenant with whom I had a difficult relationship initially – I think this may be the first time he’s lived on his own and he is a bit high maintenance but things have settled down.

From my initial research, it seems that vacant lots might be a higher value opportunity but there is the risk of long holding periods.

They're just my own notes.I initially signed on with one of the BIG national franchises.  

I work full time in a town of about 3000, but would like to focus my initial efforts about 25 miles away in a town of about 50000 people. 

We bought our first rehab/flip and have initially purchased it in my husband's name.

FNMA and Freddie loans are non-recourse and typically allow borrowers to apply for a FNMA or Freddie “supplemental” loan (2nd trust deed) after the first year of the initial loan term, which is a feature that distinguishes the GSEs from CMBS lenders whose standard programs prohibit secondary financing.

Thanks for the initiative!

I feel that I have a good grasp on how they work ( the Financing structure, the funding of the Repairs into the Loan, Interest Rate, Points, Seasoning Period, Down Payment, etc. )What I'm still unsure of , is what is meant by a 5 or 7 year ARM ( as the Initial Loan that you get when you use a Portfolio Loan from the Get Go , But then after that time is up ( the 5 or 7 years ... depending on which ARM you went with ) , how then does the Financing , and More Importantly my own Personal PITI on the Property get effected, by me then having a 15, 20 or 30 year Conventional ?

I guess my initial question is more along the lines of software for book keeping. i.e expense reports for individual houses, business expenses as a whole etc.