Hello everyone.I’m a newbie investor and soon newbie landlord.

These sorts of questions are inherently subjective to the risk profile of the investor - but I'd like to hear some other perspectives on it.Thanks to anyone willing to share their insight.Mike

., @Rich Preston, @Cody Noblin, Alabama tax sale investors are entitled to take possession of property as soon as they receive their tax certificate, usually 5-15 days after the auction.

I literally just need to categorized income and all types of expenses.Do any of you properties investor have a recommendation on what accounting software to use for these type of set up?

You could also look for a partner/investor to buy you out over time.Regarding PMC's, most of the horror stories are based on:1) Selecting the cheapest PMC2) Unrealistic expectations3) Lack of engagement by owner with PMCBelow is our advice on screening PMCs:Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Investors can't predict the FED, economic outlook, and future rates cuts (100% correct) so it's sort of a bet you think rates won't come down (free refinance opportunity). 

Clearly in general the class D will have the higher maintenance/cap ex.What I recommend is every RE investor populate a spreadsheet with current replacement costs and expected average life span in months for every item on the property to determine the expected monthly maintenance/cap ex. 

You're absolutely right—surrounding yourself with like-minded investors and finding a mentor can be a game-changer.Wishing you even more success ahead! 

It is balance sheet heavy but for some reason, most investors in BP are just focused on P&L and they stick with these free accounting platform that doesn't even utilize the Balance Sheet.A lot of the time when I clean up client's books, it's mainly in the balance sheet that needs to be fixed up.

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.