As other shares above, that is excellent guidance.I wishes you the best!

You will get quick responses if you post a deal with excellent numbers and ask for potential partners.  

The fastest car will not also be the cheapest and most reliable, no car salesman would be believed if they claimed otherwise, so they don't.

BP community is an excellent place to learn from others and network, good luck on your journey!

However, if you have a truly excellent single older adult, non-smoker, no pets, coming with little to no furniture, and he will be the only occupant, giving you a honking big damage deposit, plus he doesn't mind that you're gonna have it on the market while he's there, with showings, you might consider it. 

That being said, should I use an excel sheet to track my income and expenses or is there a better way or better software?

Rookie mistake of mine, but my current tenant has lived in it without missing a payment for the past 5+ years and takes excellent care of the property so I haven't increased rent.

Best time to buy/ build are points 8 to 11 (Expansion) as rents & occupancy are increasing the fastest. 

Fees are also insurance, but only pay the fee for the excellent service.   

I plugged your numbers into my Excel BRRR calculator and you are right, the way you are analyzing its a break even deal after you complete the BRRR.