@Kai ZhouWe've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets when their local market is too expensive.

I sum my expenses by the categories on SchC and SchE.

https://www.facebook.com/pages/category/Lawyer---Law-Firm/Erin-E-Eckert-Construction-Law-Attorney-173523013505024/Erin is known as our expert in liens, both placing and removing (often with a simple demand letter)

Cassidy,I see numerous deals every year that are sold that at prices that don't make sense to me.

My friend/realtor/mentor showed us the deal and we negotiated buy cost down to $465000 from $499000 after a home inspection came back with numerous issues How did you finance this deal?

I agree though I think Elizabeth would be a good place with everything you said above.Yes, I reached out to numerous lenders before making any offers.

I've never seen a DCF analysis on a real estate venture, but I suppose the answer depends totally on your perspective, even within the same investment.If I am a young person with not many investment options, my discount rate might be what I can easily get in traditional investments with a risk-adjustment, say something like 5%If I am an accredited investor with access to numerous private deals, I might look at the average of those deals and call that my discount rate, and that might be something like 15%.

A BRRRR investor could "rinse and repeat " the same capital on numerous deals

Much like one of the other forum members that responded, I have a tab for each property, a tab that's a master data sheet (all backup for all properties), a linked tab that flows into a P&L/Income Statement and I match up the categories to the tax forms. 

Your dealing with different people with numerous personalities.