And until we scale to that level, there's a ton of headaches that consume our headspace, all of which has impact on our family.This is where doing value add buy and holds and using leverage strategies to acquire more, larger, and faster can really help super charge things for you.However, with leverage comes great responsibility because there will be times when you have the ability to buy a deal but it doesn't quiet meet your normal criteria. 

I'm not too confident in my ability to assess the home's market worth.)

I don’t want to have to enter a bill, rental payment, etc., more than once, and, ideally, I’d like for that to be automated as well.= Allows me to store information/photos about the units and advertise them easily as vacancies occur.= Allows tenants to fill out and submit a rental application and pay the application fee= Provides credit reports and background checks= Accepts rental payments and late fees= Allows me to communicate with tenants= Keeps track of documents (leases, move-in inspections and the like)= Has a mobile appAny suggestions? 

What I don't understand is how they have been able to amass a bill into four figures, not get paid and suddenly assess the home owner.I think that its a billing issue that needs to resolved. 

The economy has no effect on my ability to carry the properties and a devaluation, provided I hold long term, is only a loss on paper.For myself I place a very high value on the opportunity value/cost of cash.

When reviewing the credit history take all debts into consideration, ability to pay and for you to collect if they default is dependant on all their debts including student and medical.

Thanks to bigger pockets I believe more in myself and ability to be successful in real estate.

IE buy a home that your going to reno and there is the ability to bust a lot of off it.. this will get you used to the process..its the same process 70% of the time for those as it is a 20 lot development..

Both hats call for the ability to ask probing, open ended questions - in auditing to identify amounts correctly, and in your case, to do proper tax planning and use the IRC to your fullest advantage.Not the best news for you, but I hope it helps.Jim Kennedy, CPA 

They will factor this into your ability to pay.