Professional software allows tax pros to import hundreds or even thousands of assets from an excel template. 

I've been visiting BP for 3 or so years now and have been very impressed with how the majority of my inquiries had already been addressed within other discussion boards or within the excellent blog posts. 

My excel sheet and yours are actually almost the same.

Please just let me know when a good time would be.Here are some excellent threads where many investors that have worked with us have posted about their experience:https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemasterhttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/users/ZacharyCole/references

It is an excellent strategy when you don't have a lot of operating capital, however, the trade off is your own personal comfort.

Excellent advice, thanks Jay!  

it's hard for me to gauge from the photographs.

Also if you decide to convert the property to a long-term rental the improvements may be added to your capital basis & depreciated over time.Track Expenses by Account - Helpful for reconciling bank accounts, credit card accounts & expense reimbursements#2 Liabilities / Outstanding Loan BalancesIf you are using outside funding, you will also want to keep track of your outstanding loan balances that you owe for each property.You can do all of this in an Excel spreadsheet by just creating columns for Category, Vendor, & Accounts.

I'm still using Excel for my 4 properties.

I have been using AirDNA and find the data and usability to be excellent.