Although, I know and am prepared for the fact that anything can happen any time - inspection or not. 

Something prepared by an accountant based on the info used to file taxes.

I am preparing to take the plunge and get involved in real estate investing and I was wondering if there are any templates or ideas for keeping spreadsheets to monitor income, expenses, NOI, etc.

@May Emery Thanks for your response I do appreciate the help you are offering and I will def keep it in mind as I prepare my campaign. 

My job has me in countless neighborhoods within an hour radius of downtown, so I pass the time by doing mock “driving for dollars” since I drive through neighborhoods checking for jobs anyways.Besides trying to educate myself as much as possible on all things investing and real estate, I’m finding myself trying to prepare my personal life and debt for investing, including getting my spouse to a point of comfort with the idea, while trying to make sure I don’t get stuck in an analysis paralysis either. 

As in "I don't want this house and I am prepared to almost give it away."

Honestly, it sounds like you are not prepared to have a PSA under contract yet. 

I am working on building our cold call script for potential MF sellers and want to be prepared to make the most out of each call, even if they are not interested in selling.

You should share information about the deal itself and what your objective is with this property, because then we could offer feedback as to whether or not it is a good deal.Based on the general tone of your post, I'm going to recommend that you pass on this opportunity and wait until you become a bit more prepared before spending your hard earned money on a property (Maybe my opinion will change if you offer some additional detail on this deal).Analysis paralysis is real. 

.➡️ ➡️ Overall, self-managing a rental property can be a rewarding experience, but it is important to be prepared for the challenges that come with it.