Automatic rent collection has been a lifesaver as well as being able to automate late fees as well so you dont have to have that awk convo/chase the tenant.

I've made a excel spreadsheet that works pretty good and calculates the buy boxes and even automatically calculates loan payments, estimates property taxes & insurance, and even gives a feedback loop of a rough estimate based on the values I've entered.

No, it is not automatic!! 

Is there any sort of requirements for the student to be accepted into the program or does the 8K make you automatically accepted? 

After about 2 years the sponsor automatically converts all investors into their REIT fund.

Most leases are for a one-year term and then automatically convert to a month-to-month basis if not renewed.

It’s to make the important stuff automatic so decisions stay clean.Your point about tracking your own involvement is spot on too.

For many investors in similar situations, the end goal is to have real estate losses help reduce W-2 income — but that’s not something that just happens automatically.

It tracks and categorizes expenses automatically (pulls straight from the bank account/credit card), lets you snap photos of receipts from your phone, and keeps everything organized by property.

Modern verification tools pull income and employment straight from payroll or bank sources and flag tampered files automatically.