I used to use excel for tracking which is actually great for numbers too (I‘m a former banker and still love the power of excel), but I found it a pain to have to keep the physical receipts around for tax documentation and also I would only input them whenever they stacked up since I hate spreadsheets on the phone.

It works, but it can be a pain to clean up.

The inspections can be a pain, but it depends on what you are looking to do.

Its painful to have the dead equity tied up for as long as I have.  

Especially if you plan on ever representing investors on the buy/sell side, it will definitely help you stay sharp all the deals in your area since you are seeing what works for your most successful clients. 

@Jacob Phillips Yes, in theory, each series is protected individually, but keep in mind that with each series, you need to keep separate operating accounts and records, which can become a pain, but it's a requirement if you want separated liability protection.

I'm the standard BRRR investor doing a refi right now and going through the pain-in-the-neck process of doing a bank refi.

I just started the preliminary discussions with a different broker (I used a 203k loan for a part of the rehab) and I’ve heard from some people refinancing is easy and others say it’s a pain in the ***.

That is painful.

@Russell Brazil oh I know the pain I will feel if I don't use her.