I work at a VA Medical Center so I'm well aware of what he gets each month (tax free). 

Like the old-school feel of excel :) 2) Keeps real estate transactions separate for tax purposes3) Easy to fill in expenses and income on a monthly basisIf anyone has any tips, or even an excel template they would be willing to share, that would be extremely helpful!

BTW, my monthly expenses are all encompassing - any mortgages + insurance, taxes, vacancy allowance, capex - but not taxes, since those are (largely) offset by itemization.

Account ClosedHi Brianna, just checked out your profile and saw you work with tax delinquent properties and sheriff sales.

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Tax Sales/AuctionsSee who is bidding on these properties, and try to talk to them after the auction is over.

I have excellent credit but I work overseas (i have tax returns but no w2s)-- would that be an issue? 

The assumption is that there are multiple years of tax returns and income statements to show that it's being operated profitably and with a comfortable contingency.  

The purchase price is $750k.Gross Annual Rent is: $91,800Expenses include:  Property Taxes $6,300 Property Insurance $6,000 Water / Sewer / Trash $7,200 Advertising $0 Live in Manager Free Rent $8,400 5% Repairs / Reserves $4,590 5% Vacancy $4,590 Total $37,080 As you can see above, there is a live-in manage who takes care of everything from painting, re-tenanting, collecting rent, etc.

I was just notified that a property that has been in my family since the 1950's has been foreclosed due to unpaid property taxes (under $3,000).