I personally think anyone with fewer than 20 units is wasting money by paying for software when a spreadsheet would do just fine.I recently tested TenantCloud (free for up to 75 units) and it has some really great features for a beginning Landlord, to include online marketing.

I understand there are asset-based lenders with terms approximating a conventional mortgage (plus points and/or higher rates). 

Everyone has to start somewhere but because it is an asset backed loan, I would do my best to present both the deal analytics and myself/my business with the best foot forward when I first introduce myself to the lender.Best of luck!

All it takes between now and then is to either hold the asset or if you sell do another 1031. 

I also thought it was an undesirable area, but after speaking with a prominent investor who owns there, he said that the property has been one of his best cash flowing, least troubled assets in his portfolio.

It gives a through process of how to analyze deals and not just example after example of 'invest in cash flowing assets'.

Now how that's divvied up, I don't know - they may want to 'assign' a property per brother and come up with some for of equity/asset trust 'equalization' so we each get a third of all their assets but hold different percentages of any particular asset.

However, included with the $50/mo is use of either CINC or Kunversion CRM, Lead management, and marketing software.   

They are depreciating assets that often deteriorate quickly, depending on the tenants you get....meaning high maintenance and cap X costs.

They move into absolutely passive "mail box money" mode free of any asset management.