It will be hard at that monthly all in to get renters to cover that expense and for you to not have a financial burden.You're on the right track and keep looking into options, I just don't think this particular house is your solution (unless you get it for a steep discount.

You can put them in one file and use "class tracking" to get around the files but the bank accounts are separate anyways.What I do on 4 fam and under is do residential financing in my name to get excellent residential terms and then quit claim them to the llc after purchase.

Considering taking Dave Lindahl's 3 day bootcamp to fast track my education.

Would be nice if there were a web app like http://www.sit4sit.com/ or something to track hours. 

I've listened to so many BP podcasts, I'm losing track of which ones I've heard.

I don't want to be giving out false knowledge about getting back on track and possible refinancing if it isn't true.

Have you built financial models that allow you to quickly and easily evaluate a property and also track your investment's performance?

Now I want to ask how would you suggest I go and track this person.

1 - Sinks up to my bank account and tracks all expenses as well as rental income coming in from this same bank account2 - Allows renters to pay through the software for their rent including late fees3 - Provides reporting for tax purposes 3 is not a must for me but 1 & 2 are :Thanks in advance :)

cool thats good to hear, however the other side of the story thats not really talked about by lenders is that if you have a lot of other properties in the area you are trying to buy a property "in" then it may be very difficult to purchase an eleventh financed property as a primary residence unless it makes sense for your given scenario.Often times this requires:- a Great LOE - letter of explanation- supporting documentation like relocation letters from employers, LOE's from family members, spouses, marriage certificates, mammograms (show increased family size), etc etc list goes on- your  track record with other properties, like did you buy them as a primary then switch to investment properties (underwriters test to see your past "integrity," with mortgage transactions).