They believe financing “didn’t work,” when in reality the financing revealed that the operating plan wasn’t ready.I’ve also seen deals where capital was available, but it was the wrong type of capital for that phase.

I also pay attention to school enrollment trends and whether owner occupancy appears to be increasing as stability often follows.You are right, a focused 20 minute drive through can reveal what data sometimes misses.

We have done some renovations to increase value and functionality as potential rental property.

We have all seen the blogs selling this dream.

They reveal themselves slowly, through data points that feel unrelated until suddenly they don't.

It has functionality to export your activities to excel or as a .csv file and you can provide that to your Accountant for tax purposes. 

Ide Like to get your thoughts on a property that I came across.7 Unit MF - 2 buildings - side by side.Asking :$478KCurrent rent: all renated $600 ea - month to month market rate rent for 2/1: $900-1100 depending on quality and location(I would guess $900-1000 in this area)info-6 of 7 units - 2 BD/1BA, 7th unit - 1/1-6 of 7 Electric is paid by tenant-#7 Unit is paid by landlord because it is on the same meter as the laundry space-laundry space has broken equipment, i am thinking convert into suite(only Unit with gas - paid by landlord)-water and trash paid by landlord-AC - 5 of 7 are window units; 2 are swamp coolers-ample sized parking area- that is half gravel half dirt(significant signs of ponding)-electric is 3 prong but it looks like 70 AMP units in each unit-foam roofs 11 years old-I walked 2 units - outdated and rough but not horrible I think it will need significant upgrades to get to $900-1000.list-Parking area surfacing-roof resurfaced-mini splits-electric to support-water submettered-electrical amp upgrades-cosmetics to exterior and interior-washer dryer wiring install to all units-I am thinking we'll over $100kThe positives-ability to add a suite in place of poorly run laundry ($700 a month)-all the units have a parking stall that seperates one unit from the other.

Right now I’m using:• Airbnb (listings & bookings)• PriceLabs (dynamic pricing)• Hospitable (automated messaging & calendar management)• Stessa (bookkeeping & bank account tracking)• Turno (cleaning coordination)• Innago (mid & long-term rent collection and lease management)• OneNote (data/records/operations info)I’d love to hear from other investors/operators about what software/tools you use for:- Channel management & calendar sync across short & long-term- Dynamic pricing & revenue management- Automated messaging and guest/tenant communication- Bookkeeping / financial tracking / reporting- Cleaning & maintenance operations- Documentation / knowledge managementSpecifically:What tools are working best for you across these functions?

The listing agent told me that all units were rented at $900 per month each.

Go read this post and all the reality of S8 responses from experienced landlords🤬 https://www.biggerpockets.com/forums/897/topics/1280323-why-...