Looking to run internal analytics on my portfolio and have found both of these softwares.

They want someone full time on the business and not (divided interests).If an investor is trying to get away from their job and replace income with cash flow then taking on more headaches might make sense in the short term and then work their way up into more quality assets over time as net worth and cash flow grows.If instead of making 100k a year or less from their job they make 300k,500k, 1 million etc. then looking at alternative investments at less returns but more IRR growth on the back end can make sense.

@Alissa Reed @Alina T. touched on part of what you'll need to assess the Asset.

Depending on your current overall tax situation, you might want to extract some of the equity (to gain some tax advantages) and redeploy it somewhere better (if you can do that) - then you should look into an asset based LOC or cash out refinance loan.  

Cap rate is a market metric, and has nothing really to do with performance analysis of a specific asset.

We live in seaside Oregon. Our accountant and attorney is not super savvy in real estate and I just want to make sure we are getting the best advice possible, especially for tax advice/strategies for the future. I wan...

After many conversations and much thought, they agreed to 'test' the waters and turn their home into a rental property.We have since transferred the property into an LLC (Assets protection), cash-out refi  and rehabbed the property.

Markets have firmed up and that's a good thing.. there just is not the distressed inventory that made this much more viable 10 years ago.but that all said its still viable in D class areas and low value asset areas that are underserved by the real estate community.   

As many landlords are, I am cash broke but asset rich.

will not abate the smell of stale urine which will have seeped into your flooring. and last long after the tenant has left.You have held yourself out as a pet friendly landlord and your tenant is trying to do you a solid.This is your asset that is about to become damaged.