Therefore, payments made by cash, check, credit card are okay.You have multiple options to keep track of your records.Excel or an accounting software like quickbooks or Stessa will work.Good luck and congrats on your recent purchases.

@Victor Fermin there are a ton of choices as far as underwriting software.

You can also buy lists from companies like list source and there are some REI software companies that have a cash buyer search feature.Some of best ways to find motivated sellers is to purchase lists from companies like listsource and or compile lists from city and county like 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, probate, divorce, etc.

Is there a software that you guys recommend using to document this?

And the estimated value calculated by the software that I use is 127,000.I understand his asking price since 3/2 comparable houses are much older.But also usually there isn't such a big difference in the price and the tax value.Should I consider tax value in this case? 

I own a series of e-commerce sites as well as a software development company, so I am personally cash-flowing about $20k-$30k/m depending on the month.

Is this software you've developed yourself?

In addition, I see a slew of software (particularly Cozy) that I really like from what I've seen which will help me manage. 

I'm curious if you have heard of Control Your Properties property management software?

If you go to my profile here, I have at least 3 of those deals posted and listed with photos.As to the original poster’s question, no way to answer it as there is not enough info provided however, I suggest you find a better and more accurate way to identify the rehab budget, some software program is not going to do it for you as there are no shortcuts to this process.