If it’s a mom and pop you (typically) get either a Quickbooks export, an Excel sheet, or an email listing everything.

Hey Ben- this doesn't directly answer your question, but you've already received some good advice above.

But if they are seeking to hold a property for any length of time and want their cash investment back there are some important rules to understand with conventional loan:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of....Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”...WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchaseprice.

Clear illustrations, user-friendly, excellent resources.

Some people flat out recomend just using Microsoft office.I have two duplexes and have no trouble keeping track of expenses with microsoft excel.

The concept you explained though makes perfect sense in applying funds received to utility payments and then rent to mitigate risk.

Any advice or accounts from previous experience will be well received!

- central location - Sunny days- No natural disasters or man-made for that matter- great public transportation - revitalization of Downtown and a burgeoning Arts District- terrific Airport- excellent health care options- moreIts a sellers market everywhere.

I received the disclosures in the morning with a stated 30 year fixed 5.0% interest rate (0 points) for a $70,000 SFR investment property with 20% down.

Typically if you are new, you may want to go with a large firm taht offers excellent training, hand holding for the first few transactions, etc.