Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

There are "rules of thumb" to operate by, but they are general guides that change with time and definitely change with markets. 

There is a lot of competition in Greenville, but a very desirable market.  

No, but neither are all market tenants.

Does anyone have suggestions of locations to look at that are decent to live in, have a good rental market, and have available properties that are reasonably priced?

We started our marketing campaign in the last week of August and we have 2 properties under contract and we are making another offer today (potentially a couple more next week).

However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

@Conor Kelly,Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama.

That said, I would look at comparable rentals in your market first and then make decisions based on what the expectations are of similar rentals in your market.

The current market conditions and the property opportunity are what have us considering that!