Has anyone had any experience using the REIA Express software by Real Data? 

An argument I would explore is grandpa as the personal rep of the son's estate had an obligation to pay off debts within the son's estate.  

Focus on the school material, as the State exam will not deviate much from your training.Additionally, I see the below book on Amazon that you can explore as well.http://www.amazon.com/2016-Jersey-Estate-Questions...Good luck with your studies and exams.

I'm looking forward to meeting some of you and exploring the site!

A lender has more data and information than you do, all lenders are conservative and can spot unreasonable amounts in a pro-forma.

I built a spreadsheet and  I've done a light scrub on 90 units based on Mls data over the last few days.  

Then I could avoid moving right now, and put my own cost of living towards paying down this property.I want to explore option 3) more.What are the CONs to option 3?

IMO and experience the 50% rule is overly conservative - - I use 30% of GSI as a boundary to determine if the property is being managed properly - - lower indicates inaccurate data and higher indicates obsolete fixtures and equipment.

You're still handling every line as three data points. 

@Danielle J.Welcome to BiggerPockets, a place to interact with a vibrant REI group, learn the real estate business and language.Since you did not mention a specific area of interest, I added links to three of the most popular niches for your to select one or all while you wait for local networking contacts.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?