If you have tenants might as well just use a spreadsheet.If you're starting fresh, Tennant cloud more tech and flashy where as rentec is more simple.But not sure what kind of in depth reporting you need...

Presto--fresh cabinets that suit the average B/C renter.

There is Gentrification moving from Prospect Lefferts Garden southward towards Brooklyn College and this house is in that path.NYC Investments are not based on Current Cash Flows but on Future Cash Flows.So once you get the understanding that the Cash Flow you calculate you can get NOW is acceptable, even if slightly negative, then you need to analyze how much will the rents and expenses grow.You will need to look at the economics to understand the Appreciation Rate.You can also do great just by having a fixed rate mortgage constantly being chipped away by your tenants.All of these things can be calculated.When you put the whole thing together, then you will get a very good understanding of your Investment.In many ways, Investing in this way can be much more profitable than straight cash flow now investing.

Mind you, we both worked in some of NYC's prestigious neighborhoods and Newburgh is a breath of fresh air for us.

Much more than slick kitchens, our tenants value the garden spaces we provide.

It wasn't always pretty, but it was fresh and clean. 

He’s a good guy has helped me out a bunch but if he sold someone fresh would come in and most likely kick out all those losers and renovate.    

I spoke with Scott on the phone when I was fresh in the game and looking for contractors for a Gary IN project.

I have experience back in CT but of course having moved to NY, am starting fresh.

@James Wise  in portlandia the land of mold  its not bad if you can breath normally in the home.. if you need a respirator then your talking bad.it just goes to show some property has no value no matter what it is.. if you could not strip that to the bones and rebuild it and have equity or a cash flow then its value is negative and should be knocked down and turned into a community garden like they do here in PDX were all the hipsters grow there veggies... they pick them put them on shelfs on the side walks with cans to put the money in when you buy them.