As Emily Dixon said, the biggest drawback is the lack of a smooth data entry feature as well as the need for multiple worksheets to have a manageable database for all the things we have to track.I've been looking for a good alternative...seems Quickbooks might be worth a look.

Hello Investors,My biggest problem (mostly everyones) is finding the capital to close deals.

I think you may be referring to lease option concerns, where the tenant has an option to buy, and whether or not the option creates equitable interest.The biggest concern with letting a tenant do and/or supervise repairs is liability issues and possible mechanic's liens.

The biggest problem I see with that is the potential to have too many chiefs and not enough Indians.

Now everything clicks into place :-)Ok, now that we've cleared that hurdle, I'm gonna guess that investors avoid sellers with equity because those sellers would be reluctant to give up that equity at a discount?

After my fourth home the cash producing from the properties helped increase my reserves (which seems to be the biggest problem with trying to buy 5-10 homes) and the cashflow outside of the reserves now fund the down payment for future homes.

I have properties in 3 statesBP has been really helpful and for you guys starting out, how lucky are you to have a tool like this.I've learnt more here in 30 days then my 12 yrs figuring it out on my ownThe biggest difference is, before BP I was learning what is relevant for me.

Actually, your job is your biggest asset in terms of ability to acquire loans.

Water is the biggest enemy.If you are paying water bills, I would triple check for leaks as others have mentioned.If the tenants pay the bills, I would have the water bill go to you so you can make sure the previous bill was paid and forward the bill to the tenant so they can pay it.

My biggest problem has allways been coming up with the 20% down to buy.