@Chris Acosta, here's what we use:Pending Purchases/sales - Brokermint.com - updated dailyFinancials - QB online - updated dailyRental Performance - handmade spreadsheet to track ROI, cash flow etc - we update monthlyLead Gen - handmade spreadsheet to track ROI, revenue, expenses- we update quarterly

We purchased a home for $59k with about 698 square feet needing some cosmetic updates. 

Get a place where cosmetic updates are only needed.Let me know which properties you are looking to buy.Tim

Update.... reviewed all the numbers for the Kentucky 16 unit and they don't make sense.

Purchase a property that has no or favorable HOA, then you have a place to stay for your vacation trip yourself, and since it's advisable to stay at your own vacation rental at least once a year, this gives you a chance to update and improve it while there (or failing that have your friends or family stay at a discount and post review of what they find.) 

@Matt AndersonThat is a real concern we do change the code regularly and update the ne guests.

Updated financials were requested.

@Adam Bastien This county seems to be on 2018 data and hasn't updated.

Added a 3rd bedroom and 2nd full bathroom and updated the whole house!

The main valve is fine, but this existing line from the stove to the main is about 4 feet long - it goes under tile and is likely in bad shape - needs to be updated to prevent future issues.