I would certainly be interested in finding out a little more about the requirements that you would be required of such an application.My company designs and builds Internet based applications for the property management industry, however, the area we have been focusing on up to this point is short term vacation rental management.

I have been looking today on the county's zoning website and see that the application alone is about $3,200 and it is a long process.

But the fact that you have multiple units is a huge benefit in numerous ways.

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So, after spending numerous hours tearing out carpet, 5 layer-tile in the kitchen, fixed the cabinets, replacing a ceiling, and half a bed-room, doing custom stuco, and painting, omoung many other "rigging" techniques, I thought UMMMMM, I like this..

I think it is fair to say that the 50% rule is a much better guideline than 45% because (a) it is easier to use in mental calculations, (b) it is more conservative and (c) it seems to have worked for so many successful BP investors.I consider myself fairly financially sophisticated but I would not second-guess the numbers that numerous investors have claimed from real experience managing MFDs because I do not have real-world experience managing a portfolio of apartment complexes.

Yes, the market can change, and factoring in any significant market changes in the applicable time period would be a good idea, but recent past data is the best insight into future performance.

Check your library for numerous books on the topic.

I've been a part of giving and receiving numerous hard money loans, and I would be VERY cautious with how the deal is structured.

Mac's are great unless you need some very vertically oriented application software.