I would also continue to search and compare software on Google to see what your best option is before settling on QuickBooks.

Option 3: Currently i am renting out a room with family, because i was trying to reduce cost while i was in nursing school, The amount im being charged is very minimal compared to renting something these days, so i feel blessed, but i have thought about house hacking as option 3, purchase something on the larger side like 3,4,5 bedrooms and rent out 1 or 2 of the rooms.

Hello Erin,Investing in a place where you have 'boots on the ground' (family and / or friends) is a great place to start.

You might get a break if you don't need the stump ground down (and can landscape around it or something.Then I would actually look at (again back to bids) getting a new concrete driveway.

It is an unfair comparison if investors are only comparing relative to the 2008-2012 period.

You’re also going to pay a large premium for being month to month compared to similar units on standard leases. 

Does this seem out of line or simply outrageous compared to the size of the loan?

Now I’m not worried because o have automated online systems for rent collection, contractors and licensed repair professionals on speed dial, and I have some boots on the ground in the form of family who can lend their knowledge and keep an eye out for me.My first thought to this question is : if I’m worried that it may be too far ,then for me it may be too far.I could never do a flip that far away, IMO.

Now for this to work I will need boots on the ground to go on appointments and put properties under contract.

Market seems to be saying your units are economically productive and on par with comparable units as is (based on tenants grabbing them).And, as you know now, that new smell and model home appearance of the totally remodeled and rehabbed unit will fade fast when the tenants treat it like, well, a rental...So you may just end up remodeling again if you sell or get a rough tenant..I tend to do more work on units prior to a sell and let the horses run with a rental with tenants in place that are relatively happy.