That is typically a good indicator of a distressed seller/property.

For that we typically look for his/her income to exceed 3x whatever the monthly is. 

This is the typical Japanese mindset for properties in Japan.Tokyo which is where I live is a different ballgame. 

Our motto is "We won't throw away a 25 year close friendship over the color of the pillow shams."

You might find that there are restrictions you can't live with like prohibitions on parking a camper, boat or commercial vehicle - and even the colors you can paint your doors or shutters.Be sure to ask whether there are any pending lawsuits against the condo association or any special assessments in existence now or anticipated in the future.You shou;d also request a certificate of good standing from the condo association, meaning that the seller doesn't have any outstanding fines or fees. 

Just wondering whether people typically use Quickbooks (or other accounting software) just to track rental property income & expenses, or the whole shebang such as:- Down payment/closing costs- Assets - the property itself, plus other fixed assets- Liability - the mortgage- Depreciation- Equity

I typically figure 7.5% of rent each for repairs & CapEx.

Anything above $200K is typically sitting on the market longer with fewer showings. 

Lending for investment properties typically require 20 to 30 percent.

In just over a year I earned $103k by getting creative with what would typically be a standard flip or wholesale deal.