I've been busy working on our company and site and another start-up that I'm working on, in any case here goes.I should also note that unlike J Scott's diary, this isn't going to be a chronologically accurate one.

Any members have insight into what chronological steps to take for your first property/things to think about?

I kept the chronology of all progress and updates via text and Email to all involved of each conversation I had with the lender and their reps.

My question is that if I take a number of applications from qualified tenants, am I under any obligations, chronological or whatever, or can I simply pick the one I think will be the best fit?  

@Rick Harmon:As brief as I can keep this, here goes in chronological order.1990: Dad meets then real estate agent "EC" (just using his initials).

Maybe in chronological order or something like that so that people who want to attend a virtual meetup from a different state can more easily find those meetups.

Here is a chronology of events:Original lease had 2 tenants (joint lease)August- One tenant A pays half rent and the other B doesn't even respond.September- Tenants have a disagreement and send a flurry of text messages asking us to intervene (we do not).In mid September, we consult lawyers and send notice to perform or quit along with a hardship form.We later realized that tenant A's boyfriend assaulted tenant B.

I always blame it on being chronologically challenged.

Regardless of your chronological age, one strategy to consider is being perceived as the dumbest person in the room so others will ignore you.

My columns are as follows: Property # (chronological)Address# of UnitsPurchase PriceDown PaymentRenovation costNote RateClosing DateCumulative Principal paid (formula driven)Monthly RentMonthly Cash Flow (expected)Recent AppraisalAppreciation (Recent appraisal - Purchase)Appreciation % (formula)EquityEquity %NotesI also put some formulas along the top that give me totals.