REOs are typically bank owned properties that are on the MLS.

In the spirit of "I've finally resigned myself to the fact that AppFolio has me by the balls and I'm trying to do everything that we can directly in AppFolio" I'm embarking on a journey to set up inventory management in our shop storage racks and managed in AppFolio.

Bought on the heels of covid.

Words a crude device for what goes on in our heads, but they're all we've got!

If not, I'd appreciate any advice on how to set this up effectively.

However, be conservative on that. 

We are on the minimum plan with four rentals and don't see the value in paying $180 a year to collect rents, payout rents more than a week later, and screen tenants when we have turnover. 

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

The purchase price is $275,000 and contains 1 commercial space on the first floor (convenience store) and five apartment units on the second floor. 

If you have any questions feel free to reach out I enjoy helping and making sure BP members are on the right path.