Hey @Erin Babnik, I agree with the Excel recommendation.I love to suggest QuickBooks Online for bookkeeping for REIs (that's what all of our Clients are on) but if you only have 1 property and are looking to keep this as simple as possible the clear winner is Excel.Best of luck!

They can purchase the parts online and install them themselves, or they can hire a professional and pay the bill.

If we do a long term rental lease we're worried the place will get destroyed by renters.

I am looking for a DSCR loan for a long term rental I have in PA with small cash out.

I originally purchased this house to be nearby my grandmother in her last few years but realized quickly that it was a prime area for short term rentals as there are no zoning rules or permits necessary etc.

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

However, I am in escrow to buy a home, but my plan with this one is to rehab and turn it into a midterm rental as my very first buy-and-hold.

I recommend that you focus on identifying areas with strong job growth, increasing population and a solid rental market.

I read online this recipe hahamix one teaspoon baking soda, one teaspoon vinegar, ½ teaspoon orange essential oil, and about 5 ounces of hydrogen peroxideGood luck with it!

These are EXACTLY the kinds of property management challenges you are trying to take on by buying a rental property!