This will also help when you file 1099s to report the proper amount to the IRS and send a correct 1099 to the PM for their PM Fees and possibly any Advertising or Repairs they may have doneFor the mortgage you will split it like you have it except the Mortgage will split to include the Principal amount to the Liability and the Interest expense. 

It looks like you want an all in one accounting software where you can do the following1) Advertise your listings2) Allow tenants to pay you directly with various payment options3) Allow tenants to make repair requests4) Tracking of income and expenses.You may want to see if a software like Buildium can handle this.Best of luck

Quote from @Jay Levy: I recommend you include some of your key qualification criteria in the advertisement.

No deals are advertised as great deals way below market.

You can advertise it yourself and see if youre able to get any potential tenants and once you do I'd advise for you to hire an attorney to draw up a lease agreement including your NNN terms. 

Just from my basic research, it seems as though Galveston continues to break previous years tourism spending records.

As well, all the Roatan tourism taxes and cruise port taxes go straight back to the mainland.

Marketing Shift: I’ve noticed that Martel has altered his marketing strategy, moving away from advertising a guaranteed profit on the first deal to a guarantee of helping you buy your first property.

Locate where the properties are advertised (usually on their website & in news paper). 3.

Accelerated depreciation is not really all it’s advertised to be for a lot of folks. 2.)