This business is a thinking man's game...solving problems is what we do, this is just the first of many. 

I see a few challenges arising with this type of set-up.If for example, he/she doesn't do a good job or if you no longer need their services or if a conflict arises between landlord and manger.Is their a way to structure the managers pay without bumping in to challenges later on?

Brass tacks:4 months into the dealVisited the property a total of 5 timesHired a contractor local in that areaSplit just about $100,000 between my partner and I.

- What features would you find most valuable in this software?

It's been a few weeks since I reached out but I am moving into the remodeling phase on my property.  

I'm interested in learning all I can about this kind of stuff and wanting to dive in and have rental pay my monthly mortgage!!!

I realize down the road letting if I am trying to simply pay mortgages off the ROE  is no longer a useful gauge. 

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

First time looking into this so any references our resources will be appreciated. 

Assuming this is correct, how are investors able to get decent cash flow out of a rental?