Quote from @Clarissa Finks: Software is a common question on BiggerPockets.

Some software are using AI to automate but Stessa Pro could not even set rules for assignments.

This does not discount the fact that these notes have gone bad and then turned into equity..

The simplest thing to do (at the risk of sounding like I'm teaching how to cheat) is to check the "material participation" box when entering a K1 into your tax software.

If you're okay with not having any of those, then hey, they're an amazing free option that your tenants will like.Landlord Software:  Software and platforms designed specifically for landlords and typically have more than just rent collection.-  Pro's:  Additional functionalities, such as tracking maintenance, automated bookkeeping, screening reports, etc. 

My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion. 

If you purchase at a discount, then you'll be capped by your purchase price, not necessarily the as-is value of the property.

@Shawn Tuma definitely depends on the number of units to a certain degree but PM software is great for a number of reasons, some of which you stated and others you didn't.1.

Helocs are driven by the Prime Rate which is 3% above the Fed Discount Rate.

It's taken a while to setup, but that would be the same for any software change.