Hi @Sandy Uhlmann,We used Buildium which has accounting specifically for rental properties built in; that's why my husband picked it over all the other options out there.

Deals and valuation are market specific.

I can get more specific, but that's between me and our realtor.

I do almost all of my maintenance and what I don't do I have long-term business partners handle according to my specifications -- lasting fixes when necessary, high-quality paint that can be touched up repeatedly, Whirlpool appliances, hardwood and tile I do myself.I am on the electrical board and the outlets, I am on the roof, I am inspecting the windows, I am on the gutters all the time, I am liberal with the weedkiller concentrate, saving myself money in the long run wherever I can.What happens when you're extended from here to eternity with 75 SFR and three furnaces die in the first heavy cold snap?

They are big enough to hire Ph.d economists to answer their specific and unique questions.

Highly, highly unlikely any investor selling you a property would want to buy your specific property, unless you sold it at a steep discount.

The loan would not be for any specific property (this is critical). 

(Accessory dwelling units), and some specifically don't allow renting them for profit.Search for "accessory building" also.

But there could always be specific circumstances where a shorter (or longer) hold period are appropriate.In your case an unsolicited offer to buy at an advantageous price would certainly provide a great defense if ever questioned. 

Looking for advice on subdividing a property in Suffolk county (specifically Brookhaven) NY.