Wholesale lenders are where lenders (banks or mortgage companies) work with mortgage brokers directly manage the loan application and process for borrowers.

I don’t think you could go any lower than 51%/52% so that you can pay off all borrowed funds.However, even though the numbers are already tight, you haven’t accounted for property management, water, sewer, trash, common electric, accounting and city inspections (if applicable in your city).Your breakeven point occupancy is also more than your 5% vacancy rate, so even-then it’s going to be difficult to cash flow.

"His" software I found interesting, but I don't believe he developed it.

If the place looks good otherwise I would have him added after an application/background check.

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.

Virtually all PMs have PMS software (hospitable, streamline, boom (avoid boom like the plague), etc) that has a cost per property.

You may be able to conduct a hybrid system where someone (state approved) takes tenant through the properties and you can review the applications, but the licensed broker or PM actually does the tenant placement. 

Always looking to improve it.Thanks John  I have a lot more detail in my spreadsheet.I have:a tab for every property (about 35)who owns it as in which LLC or which SDIRAtenants name and contact infoAC filter size, trash day, utility provider and contact info, deposits, last months rent if applicable, move in date, rent amount, late fee per lease etc.Major repairs and dates (Roof, HVAC, water heater etc)I have a automatic running tally of how much they might be behind, if anyI have a summary tab that shows all payments so I can see in one place monthly gross income per entity (IRA vs non IRA owned properties.My tabs are color coded by ownership (Non IRA, SDIRA, Sol401k etca tab that shows ownership by LLC, tac Map ID and page/book where recorded with the Register of DeedsMy Asset protection structure of what LLC owns lower level LLC'c and who is top level ownership (a Trust)I have my STR income broken out on a tab by direct booking, Vrbo and Airbnb a tab for amortization of any loans I have out and payments (one for non IRA loans one for IRA loans)I have a Cap rate tab that shows my ROI by property (some are over 100% within first 3 years) because I bought cheap for cash. 

Hi David, Softwares like PropStream, BatchLeads, Connected Investors etc are usually partnering up with MLS and have some sold comps available.

.)- Review previous rent ledger for patterns to be aware of, note their lease in PMC software- Try to convert to our Lease, to make it easier on our staff (we don't tell tenants they don't have to do this)- Opportunity to renew/extend lease with increase?