It's far cheaper than utilizing QuickBooks, and easily does the job of providing an all in one accounting software plus many other useful features.

If they are professional, they can explain this quickly and easily.

I tried the "DIY" approach as a new investor and made some real bonehead mistakes that could have been easily avoided, particularly as it relates to valuations.

Rehab #1: 2 bed | 2 bath, 1,180 sq ftUpdated kitchen and both bathrooms; new lighting and paint throughout. 10 week rehab, plus another 2-3 weeks to furnish for STR.Labor: $30kMaterials: $25kFurnishings & Finishes: $12kRehab #2 was the detached SFR: 1 bed | 1 bath, 900 sq ftUpdated flooring, paint & lighting throughout; added washer/dryer; rearranged floor plan; replaced broken water main lineLabor: $28k Materials: $13kFurnishings & Finishes: $5.5k What was the outcome?

They are bought and sold quickly and easily - just like a car.

You can easily avoid these problems by doing as much research as possible.

I’m also building an ADU at my house and could easily BRRRR my house when finished, I’m sure yours is similar. 

The goal is to maximize the process and if you have to walk your team through a brand new spreadsheet every time, it’ll get chaotic.We at Compounding Capital have our own called Nucleus but a number of masterminds and groups have their own.To start, focus more on learning the intricacies of how the spreadsheet functions (seriously, just pick one) and how the various levers impact returns and you’ll be able to transition between spreadsheets easily enough in the future.#30My biggest tip for underwritersUnderstand incentives.

If they are professional, they can explain this quickly and easily.

Let the General Partners do the heavy lifting (i.e. do the work).I recognize that achieving returns better than high teens it easily accomplished in traditional RE investing, but the highest returns are via non-passive means.