For a duplex, you don’t need anything heavy.If your main goal is income/expense tracking and clean reports, Stessa is popular and free — it’s built specifically for rental property financials and keeps things simple.If you also want rent collection and light tenant management, Innago, Avail, or TurboTenant are solid low-cost/free options.Since you’re already familiar with QBO, just avoid overcomplicating it.

The bigger concern is the HOA’s financial health.

This doesn't mean your deal will not work but it will impact your financials / plan for the property.John

Normally it's one of the following:  Upgrade, downsize, estate, relocation, or financial distress--(too many causes of distress to list).

Quick follow-up from yesterday’s post.Appreciate everyone who read my post on Sunday. One thing that stood out is how many investors have not been exposed to the importance dealing with the same core challenges:• Know...

Obviously would want to verify financial condition of HOA (fees $240/mo each condo).  

I just moved from Hawaii to Washington to start working in a hospital as a new grad nurse.After reading Rich Dad Poor Dad, my mindset completely shifted when it comes to building wealth and financial freedom.I’m here to connect with other real estate investors — especially those in the medical or military fields — who are a few steps ahead of me.

The spreadsheet situation is getting out of hand as we add units and I have been researching better tools for tracking rent, maintenance, and financials all in one place.

Be VERY careful and trust only what you verify yourself.Another question to ask yourself: "Will this property meet your financial goals?"

This clause does several things, it allows the tenant to move out and know what is expected from them financially if they chose to end the agreement.