Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.

Another option you will see online are companies selling shares to sections or lots of trees via a tree plantation management company.  

Poke around online to see if any of those organizations are in the area.Thanksgiving through the end of January is the absolute slowest time of year for leasing properties.

I have a video on how I do this on my Youtube Channel :) 

The walkthrough videos are very helpful. 

Plus, they handle online rent collection (a necessity if you don't have a property manager!)

Microsoft Excel, and most budget or free online bookkeeping isn't going to cut it in this situation.For the rental properties you own directly, I often tell clients and prospects that a P&L in Microsoft Excel is just fine and a balance sheet is not necessary for tax purposes. 

Have the agent video everything, just in case tenant is there and causes a scene or refuses access.You will either get the work done or have a video supporting your eviction.

Thank you  My recommendation is to sign up at paperstac, debexpert and some of the online sites that sell loans as well as join some fb groups on note investing as people push loans through there as well.