I've been in the real estate accounting field for almost 20 years, and in my experience, it's helpful to think of the software you use in two distinct levels:Property Management (PM) Software: This handles the property-level operations.Dedicated Accounting Software (like QuickBooks): This is used for corporate-level accounting.Not all PM platforms come with robust accounting modules.

Please help!!

John Bianchi’s free course, which is about 30 hours long, is super helpful for anyone that’s trying to figure out what property to buy and how to design the property in a way that will allow it to be highly competitive in its market. 

Shoot me a DM and I can help walk you thru it.And the basic structure isn't different in IL @Don Konipol You just have to be mindful of deal killing attorneys who quash any type of seller financing.

We use hostfully to list on multiple channels, pricelabs to help with maximizing REVPAR, U-Tec to manage smartlocks, and turno to manage our cleaners.

Once you figure out what type of property you are looking for, laying out the repayment period for investors will help as well.

I'm about to close on a lot in Chicago logan square shortly and thinking about tearing down the 2-flat for a new single family.Can anyone who has done this help point me to the right direction?

I know for a couple of my STRs the management company uses the keypad system whereby they are able to set codes offsite for each renter and this is super helpful when working correctly.

I'm leaning more towards flips for my first few deals just to help create more liquid cash in my account.

It may be something you find helpful: https://www.biggerpockets.com/blog/2014-11-12-3-tips-for-who...