Just remember, you can model this all day but until you can verify rents, I wouldn't close.

@Joe Villeneuve I would love to adopt your model!

Hello BP,I am an aspiring landlord looking for some advice.

And, with the advent of technological advancement it's more manageable than perceived with the naked eye.I still own stocks and always will and only buy those that pay dividends, again, my choice/model.

Give a few a call and meet if they have a free consult.Explain your business model and if they shoot you down then NEXT!  

There's a decent thread on it here if you have some Excel experience: http://www.mrexcel.com/forum/excel-questions/61463....Of course you can use pre-built Excel models like @Joel Owens said, but you should still understand IRRs so you can answer your investor's questions.

Hi Nick,To answer that question you have to look at your own business model and tolerance for risk and self insurance. 

I would rather go with a buy and hold model but I am not for sure.

I've been on Excel trying to find a model for valuing my LLC if I were to do syndication deals.

(have you modeled everything in your IRR analysis)1031 exchanges can be really tricky if you haven't done them before and have good access to new projects. you could even be forced to take on unprofitable projects to meet 1031 deadline and not risk your money AS ALWAYS.