I think that is a recipe for disaster, I think he should learn about real estate first and how it functions and the risks associated before jumping in.

They were all trapped in their glorious tech and couldn't manage the basic functions of property management.Anyway, avoid.

@Jay Hinrichsyep - 'cash flow' is a function of your entire portfolio, not the $114 you randomly net on top of one of your rentals in month 6 of year 3.   

Renovating with resale value in mind (after-repair value, or ARV) while also making it functional for co-living tenants is a balancing act, but a focus on livable common areas, plenty of bathrooms, and smart layouts will help.When it comes to your co-living strategy, you’re debating between a Padsplit-style approach—fully furnished, possibly higher turnover—and a more community-based model with unfurnished rooms and longer-term tenants.

Property Manager – Day-to-Day OperationsHandles the operational nuts and bolts:Leasing and rent collectionTenant communication and screeningRepairs and maintenanceEvictions, legal noticesCompliance and inspectionsMonthly rent and expense reportingGoal: Keep the property occupied, compliant, and functioning smoothly.Asset Manager – Long-Term Financial StrategyFocused on increasing value and return over time:Setting investment targets (IRR, cash-on-cash, etc.)Market analysis and performance benchmarkingPlanning renovations/capital improvementsAdvising on refinance, 1031 exchanges, exit strategiesTax planning and portfolio diversificationGoal: Maximize ROI, equity growth, and long-term performance.In short:A property manager preserves an asset.An asset manager grows it.As property managers, many of us are already doing more than traditional “management” work—especially for investor clients who look to us for guidance.So here are a few questions I’d love to hear your thoughts on:Do you market your PM services as “asset management”?

As far as analyzing deals, I use an excel spreadsheet but it functions pretty similar to the BP 'Rental Property Calculator'.

I used Zapier to automate the whole process.Since then I moved from Guesty for Hosts to Hostaway and they have this functionality built in.

It can also do all the basic functions any calculator would do, so adding another tool under your belt never hurts.  

It' a function of price now, and if you can find a deal that is priced accordingly, then you buy it, especially if you like the fundamentals long term

This makes it so I cannot customize because the option drop downs fall under the non-functional map.