Everyone thinks they need to offer asking price on rentals!

The reason QuickBooks seems so intimadating, or any software program for that matter, is because we are using a computer to enter in our income and expenses instead of a piece of paper and a pen. 

Eventually I'd love to open a non profit and use rentals as part of a program for youth aging out of the foster care system, like independent living.What are your goals in the REI space? 

Every dollar going out should be tracked by you via Quickbooks or similar program and all of your vendors receiving over $600 should be sent 1099's (money out). 

I’ve heard of lenders offering as low as 7% for hard money but I certainly can’t find any this low.Any referrals or info would be super appreciated.

His programs run close to $10,000.00.

I know this might be a discouraging fact if you don't have a lot for a down payment but I would also look into a dscr program.

Also, many investors go with a 30 year fixed DSCR option, not a 5-7 year balloon payment if we are discussing 1-4 unit or 5-8 unit DSCR programs.

I do not have any experience with this company but in most instances, owners run into lots of limitations with the software/program and wind up hiring a PMC.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.