It's never too late to define your core values, and doing so can be incredibly enlightening.

@Nate T.There is no affordable software to handle both, for your loans I would recommend using a third party servicer especially if they are owner occupied since not sending statements etc is a fdcpa violation and end of year 1098’s are a painA company called mortgage office has some software but expect to pay a few grand per year.

It is not likely you will get sued but you never know.

And what you want the end result to be . 

Some old run down never renovated unit is NOT the same a a newer nicer unit with the same bedrooms, baths and square footage.

If they decide not to pay you, it could end up being a nightmare trying to get them out.

NEVER from previous experience yet some will do it regardless of permission. 

I would never listen to a tenant as to where to place the AC. 

I have agents who have sellers who have never seen a vacancy while they have owned.

I had a stake in a startup HML in Texas and helped set up a facility for it and a private lender who is open to it but never closed anything with him.