But just realize that there's a fast track and a slow track.

But you're off track.

We were considering dividing ownership when it comes time to sell or move by keeping track of all downpayments, mortgage payments, and maintenance payments and calculating a strict percentage of property value.Could I please get some feedback on lending possibilities and things to watch out for, as well as models for determining percentage of home ownership in a joint situation?

The prior post is right on target in that you must track down deals where the buyer is ready to sell at a major discount.

You WILL have vacany and you WILL need to make repairs.Without a track record for the property you will need to make your best guess for vacancy and repair.

Not to mention Dale Earnhardt Jr. is expected to build a 6 track speedway surrounded by a dozen hotels and numerous restaurants.

Especially if I haven't done that type of investment before and have no way to know if they are on track or not.

Especially, when you come from opposite sides of the track in your thinking.

If you are just talking about leads and that's all you care to track, then there are a million free systems out there.

Perhaps a naive question, but for someone like myself looking to purchase my first 2 properties this year, could someone walk me through the benefits of using quickbooks pro vs simply keeping track of income and expenses in an excel spreadsheet?