We use Rent Manager for 240 units.The benefits are that it combines Accounting, Leasing, and Maintenance all into 1 piece of software for a relatively in expensive price.The negatives are that that the individual pieces of software are only ok.  

As Mark Twain said, "There are three kinds of lies: lies, damned lies, and statistics!"  

However, I am limited in cash flow, as well as higher mortgage payments both of which can be a negative to a bank if I want to add additional properties. 

I hope this isn't coming off as too negative but I'm trying to highlight certain questions that are more than likely bound to pop up. 

etc.  ...if I had received a large and positive response from prospective tenants in the first week, I might let it ride for another week to see if anyone signed, but if I got a small or negative response from prospective tenants in the first week, I would re-analyze the market and probably lower the rent and/or do something to make the property more appealing.If this is your first property, and if you want to become a successful real estate investor, I'd strongly suggest you manage the property yourself for at least a year--this will teach you invaluable lessons that you'll need to succeed in REI.

Here are your formulas:1 - Take the Rent - monthly expenses - mortgage payment = Cash Flow (If this number is negative, DON'T BUY IT...and don't add to your down payment thinking this will get you a positive CF. 

I told them my negative views about the school district they were going to move to.

And, how fast you could take a decreasing apexed negative cambered turn.I started in '77 and drove regularly until '83.

So - they are at 100% negative scoring with me at the moment. 

My negative view is because wile the legal safe guards are important the only real asset here are the contracts and you need to evaluate them as well as the ability to perform.