Elaborating further, as input: - percent vacancy- percent CapEx- maintenance and repairs- utilities- property managementAnd output the following:- cash flow- cash-on-cash return- and would be nice to have Net Operating Income and Cap RateIs there anything like that or is it better to build myself one?

You report your total revenue from all sources and then deduct your cleaning expenses for income tax reporting.

No income No doc.They will release the funds in draws as you complete the project Phases. 

Current annual income is $101k-Annual rent increases of 3% are realistic making annual income after 10 years $136k-If interest rates lower a refinance would lower annual mortgage expense-an added bonus over time would be appreciation (which will likely not happen within the next few years)Thank you for any input!

That's $20,293 per year in "income" I will have to declare. - Depending on appreciation, I will be underwater for at least a decade in this "deal".

We also have a Whitepages account to look up owners in public records that aren't the name tenants give us.

The funds will come out of my retirement account.

If it is to play it safe and have a feel for the type of actual operating income that the property can produce before you put debt on it, that's a safe and solid idea.The good news, however, is that you're likely going to be purchasing a furnished property.

Because if all you have is insurance and someone gets a really good lawyer, they can max out all your insurance and then go after properties, income, etc.

They had the money in my bank account in a few days typical ACH time frame it seemed.