A beautiful property that has been successful so far in its first year on the market.

We use it on properties bought off market, but it can be used with turnkey or MLS properties as well.

You have a very detailed breakdown of initial move-in expenses (but you didn't fill out what was received), but then you don't include a detailed breakdown of recurring charges.Your late fee language is completely wrong.

@Jessica PerkinsTo make real estate a significant part of your retirement plan, leverage your experience in managing mid-term and short-term rentals, ensure your rental income is well-documented, research local market trends, and explore financing options.

When searching for properties I’ve come across a lot that current rents are below market rent.

It's marketing, like everything else.

The challenge that many borrowers run into when looking for larger equity lines with limits  of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.

My first move would probably be house hacking a single family or multi family home, depending on what is in the market for me.

@Shannon L Fogarty I’m personally a fan of working with local lenders who know all the nuances of their market and how to get deals done.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.