But I would definitely talk to your cpa because everybody's setup is different and there may be something unique in each situation that allows you to do something different to maximize your profits and limit your tax liability.

Sharad, I am trying out Buildium and it has a Direct Connect feature that is supposed to download transactions, but as of yet it does not work for me.

Your plans might change down e road if you decide to scale.For my particular situation,  I don't payoff extra debt unless it is hard money or a unique circumstance.

Sneaky little quote feature, eh?

Read this for information purposes only, since (like all court cases) your actions are unique to you and the results of this case may not apply to you ;)Not legal advice.

I was speaking with them about the rental guarantee and it is by a third party insurance company which I found unique but interesting being that I would be an absentee investor sounds like a good marketing tool for the investor that is just getting into turnkey. 

@David Tipton  there are a few here on BP I think.I have a unique view on this... as I was brought up in the business by my dad and his RE attorney in Oakland CA. 

I have been doing business in Il last few years.. and its a very unique situation there.. were your forced to deal with an attorney.

Then in the spreadsheet I added columns to calculate what percent of ARV the all-in price comes to (i.e. the "70% rule" number — that should have a name but I don't recall seeing one), the GRM, the "2% rule" number (which also need a name), cap rate, etc.Another nice feature is that if you add new fields to your form they are inserted into your spreadsheet between the previously existing form columns and any columns you added.

You are looking at something a little unique (in the size of units), and if that is the market you want to work then there may not be many of those deals out there, both for you to buy and/or for a tenant to rent, so it could be a nice little niche.