I never imagined this pursuit would bring me down such a path, and I do not know how well I would function if I had to actually use my pistol.

For overnight rentals, functionally it is a bedroom.

That's why it sort of replace the need for a checking account.Every tool has it's function.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

Ugh.Looking for options to QBO:- supports classes, or some functional equivalent to QBO classes, which I use to sort be able to look at per-property P&L, capEx, etc.- CPA just wants a pdf or excel SS for P&L, BalanceSheet, GL - so could use whatever I want, in theory.- bank integration (download transactions) a must- no employees, so don't need payroll- if it'll bill that's awesome.

With real estate, you have to make sure each property is functioning at full capacity or you’ll be losing money.You can analyze properties and be pretty sure (as long as you don't rationalize bad deals into good ones) what your numbers will be. 

But he chose that one over the others because it was very user friendly (for our older managers) and it offered a 'Groups' function where we could add certain individuals to different projects.

They're all very similar in my opinion, and do about 90% similar functions.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Cash flow is basically a function of equity.