I’m happy to help you through the legal side of things, such as setting up the best entity structure for your goals, and the actual real estate nuances of the law.

Most investors on this site are residential with a few commercial sprinkled in so when BP develops software to use that is likely the main focus residential first.There are tons of software for commercial analysis to use out there. 

Find out about any other assets and source of income. 

I was trying to avoid hard lending but not sure if I can get a commercial loan or an asset backed loan. 

The rent to purchase prices ratios weren't great, however I was able to preserve my cashflow and buy into a bigger better asset with more equity.  

Truly asset based lending.

Or diversify and invest outside real estate to increase returnes.I think it depends on where the asset is located IE here in Portland a red hot market and historically solid ( at least sinc e1992) or take the 50k and invest in the hood somewhere in the mid west.. me i would recast the mortgage.or take the 50k and invest in a reit or syndication deal etc.. and diversify or buy a performing NOTE that is solid and make 8 to 10% on that.then the thought is if you buy a rental do you want to do that for long term as this is work.

Just to offer you an opposing opinion - driving down the principle and refinancing is putting a lot of your hard earned cash, that could be used for productive assets, into a bad asset.

 We use buildium property managment software which allows tenants to set up online rent payment via ACH.

DJM Capital Partners is a private equity investment, development and asset management service company within the commercial real estate sector.I came across bigger pockets through a friend who is using his new-found knowledge to buy and hold in the Philly area.