Nicole Curtis from Rehab Addict had Quicken on one of her shows when she was restoring an historical home.It's amazing the work they can do to make it look a though it stood still in time.

Asher, you will probably not be able to find a good accountant in time to file your taxes.

There is a huge difference of opportunity in different markets around the country, and different markets favor different asset types at this point in time (ie -single family, multifamily, etc.).

That $2000 is cash out of pocket at that point in time. 

In time, I'm sure.

This had been sent to us when Sage could not close in time for unknown undisclosed reason. 

But that seems to be a spot in time check right now.  

I suspect blue collar areas like El Cajon, Escondido, Mira Mesa, La Mesa, Spring Valley, etc. may all have similar opportunities but I am only intimate with one of those areas.Good luck

Regardless of whether you use a property manager or not you will want to know intimately the types of expenses to expect when you rent out a property.IMO - you have given us very little information to help you in deciding if 40,000 might be a good investment.

Jon,Thinking about this overnight - and at the risk of wearing out my welcome - here is another way to look at the return on that 400k, and what it buys.First it gets a 430k loan at 4.78% being paid off by the property. even at the NOI you corrected, the $27k year payments are covered by the property. ( esp. as we are 37% of gross rents in this equation, and that shifts down the expense ratio somewhat I think. the bank will use 75% of gross but I guess that's high. )Second the rental savings of $25k in reduced expenses is real. penny saved = earned.so from this perspective it's a very tax advantaged 50k return on 400k in year one with no appreciation of rents or equity. that's a 12.5% return that will grow in time.