Good start to keep it all separate.Good Investing...

If they were staying for 2-4 years probably would not be worth much more to them. however, if this was a home they planned to keep for 10+ years I think there is a huge value here. so let's go with 13 year scenario:total savings would be approx. : $107,952 over the 13 years...

I hope this is helpful if anyone is looking for new software to keep track of their income and expenses for their rentals!

There are a couple of "elite" property management companies in Memphis.Multifamily: I scan the market quarterly to keep an "eye" on things. there was a 22 unit in a desirable location for +2m and a 64 unit for +6m.

Thanks Sophia, I've connected with Joe @ backflip on a couple of potential flip deals that I wasn't able to land, but will keep searching! 

My goal is to keep learning until I get my W2 sorted out. 

I’m honestly not sure what parcels would end up fetching.I see some going for his little as 50k then others for a lot more in the area with seemingly similar characteristics.I think fixed up the house should fetch at least high 200k range but the home is right in the middle of the total footprint so if I decided to keep the home then I could probably only get three parcels out of the property instead of four.If anyone knows any good general contractors that can do end to end w the southern jersey area that would help.

NOI/variance, weekly leasing updates)- Tenant screening process (what software do you use to vet tenants and set them up once they are approved, how do you keep track of marketing/, do you handle lease preparation, how do you handle tenants that pay rent late (or not at all), etc.)

Should I have a separate account for each of these categories or keep them all in one account?

This has been a side thing for us, and our accounting has been old school manual spreadsheets, along with rent collection varying from tenant to tenant (Zelle, PayPal, cash app, etc…) neither of us are great at keeping up with accounting which makes tax time a nightmare.