I have yet to make my first deal and am currently struggling to find leads mostly because I am cash strapped and trying to budget as I go.

But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.

That hurts the pocket and cash flow at the same time and it can get ugly fast if not managed.

Purchase price: $165,000 Cash invested: $50,000 4 bedroom home with a 1 bedroom apartment attached.

I have only 3 doors now but I'm getting more soon.Some one mentioned REI Hub so I'm looking for some user reviews and other suggestions that you may have experience with.I downloaded the free 30 day trial of REI Hub but I think it will take more time to set up than the help it will provide.

Free: Wave Accounting, Just P&L and BS  

A professional may often do a better job when it comes to hard decisions as it's just business to them.A DIY landlord though, may babysit their tenants a search high & low for the cheapest contractor and then pay them cash to get an even better price.- A PMC is not going to go to the extremes owners do as a PMC can only afford to spend X amount of time on problems for owners - or go out of business.

For example if a borrower is using cash from a cash out refinance, the borrower would have to provide the letter of explanation along with the closing statement to show that the cash out refinance happened. 

It is likely the debt may not be collectable as the deadbeat clients are keeping everything on an under the table cash basis.

Include the vacancy rate too, because it provides insight into potential risks and cash flow.