Just wondering whether people typically use Quickbooks (or other accounting software) just to track rental property income & expenses, or the whole shebang such as:- Down payment/closing costs- Assets - the property itself, plus other fixed assets- Liability - the mortgage- Depreciation- Equity

I have several years in the past where I was a licensed mortgage broker in both retail and commercial arenas (2008 We all know that story!!!)

For 1-4 unit properties I've worked with Valerie Lee at Upstate Mortgage (a true local broker) and Southern First.

The risk there is missing opportunities because your cash is sunk, earning your low mortgage rate.I've paid off quite a bit, but all of them were higher rate and risk.

Rent it out (refi or heloc)Bought Aug 2017:   128500Renovations:           6000Appraised in 2018: 185000Overhead:                1350/month (Mortgage, ins, tax, HOA)Potential Rent:         1700-1800/monthThere are plans in the next few months to break ground on a new high-rise fifteen feet from the balcony of my unit which would completely block my view, a HUGE selling point for my building.The new building next door will be a high end hotel with nice restaurants on the first floor so long-term it would be good for the area. 

Why I chose to Sub 2: I wanted to see if it was possible and I felt I could leverage the mortgage and have time to decide my best use for the home.

Local lender used, traditional financing who keeps 100% of mortgages in house.

@Erik PedersenForeclosure process: notice of default -> trustee sale or foreclosure judgement for mortgages -> auction.

I have a family member who is about $5k-7k from paying off their mortgage.

Ideally if I can do it now I will.So right now I feel I have a few options: A) I can sell this house and roughly have 200k in cash to buy in a cheaper area, put it all into a purchase and maybe pay off the mortgage in about 5-7 years.