I will need a little more information so I can get a better idea what would work for you here in Detroit .

Or go to HUD and see what properties they have info on to get an idea of where people are using their vouchers.  

I also plan on forming 2 new LLCs, 1 for new acquisitions and 1 for marketing my buy-and-hold rentals.

@Barb Knowles If you're just starting out, you may want to build up more cash before you start buying and holding if funds are low.

@Theresa Harris I think the 24 hour cut off is a grat idea adding urgency to the process. 

Since you only have the one investment so far, I suggest you go talk to a CPA and ask them what receipts you should keep track of, and then just let them do your taxes at the end of the year.If you just want an idea of your income and expenses every month, I'd just create a simple Excel spreadsheet.I just found that all the data entry into a program, let alone the time it takes to learn them actually cost too much time I'd rather spend doing something else. 

People are under the impression they will make a fortune holding on to these empty lots, but I am not so sure.

Im not sure if that's a good idea.

Sometimes I get a hold of a family member who knows the person I am attempting to contact - which is my book is a win!

They are the unrelated 3rd party who documents the exchange at the sale and purchase and holds the proceeds in between.