In the event Tenant personal property is stored in these locations, it will be considered as a breach of this lease and subject to immediate disposal to be paid by the Tenant.B.

Hello BP,I'm just trying to get opinions on several property management softwares that I'm looking it:Rentec DirectTruerentAppFolioRent ManagerBuildium (I understand this one is like the creme del la creme)I'm looking for something that you use to do:financials/reports, store tenant information, coordinate maintenance requests, make/receive payments, insurance, schedule/coordinate inspections, post rental listings, accept rental applications and finally do tenant screening, etc.Does anyone have any meaningful experience with these softwares?

We mention that it costs us more to pay offline, between storing their rent before going to the bank, then going to the bank and processing the payment.

Also has an old abandon store on it that they are not charging anything for but probably will cost to demolish.

I had no idea Home Depot even offered inspection services, but am not surprised to hear they’re subpar.Considering that the restroom is just about the only thing in the store employees can confidently direct you towards, I wouldn’t put much faith in their Inspectors ability either. 

I went to the store when I first bought this property and gave them my info when I got samples.

NJ is not as cool as NY but the prices can be a whole lot cooler depending on location :)I would say that the factories are in some commercial neighborhoods, but where I live the air is fresh and no factories in sight.

The trouble is that you probably need to take the old hinge pin with you to the hardware store so you can match it up, so the tenant doesn't have a door while you are shopping. 

I would choose a target neighborhood in my area to invest in, and I would learn the area frontways and backways, walking the streets, taking notes, printing up a big map and making notes on it, visiting the shops and stores, eating at the restaurants, learning my way around the municipal building of the place.

That said here's what our numbers look like, we think we're being conservative on the costs:Age of House: 1987Offer: 100kARV: 160KRent: 1350/monthRepairs: 35K (worst case - expecting less - hard to say since this is our first go around)master bath needs fixed, guest bath just needs a good clean, flooring in the entire house needs replaced (guessed 10k alone for that), fresh coat of paint, tree trimming/removal as they're very close to the houseAppliances - original but seemingly alright shape, original hot water tank (OLD)the good: brand new roof, brand new AC unitWhen we did the numbers we worked in possibility of having a management company (10% of our rent), maintenance costs + vacancies (about 12% of our rent), with 20% down the numbers come out to be around 300 cash flow.