For REO’s I generally like to know who the bank/asset company is because they aren’t all created equal.

Owns a large variety of assets in this area and looking to sell because his kids are older and have there careers spread across the country.

I know the bay area fairly well as i grew up there but less confident about the financials side since I'm new to multi unit investing.

I do what I can remotely but the assets I typically buy require me to visit first hand before final approval goes.

I started a journey back in 2015 towards financial freedom with a goal of acquiring 50 units in 3 years time, and yesterday I was able to acquire a 19 unit value add apartment building in Berwyn with my partner @Scott Skinger With the 19 unit acquisition, I have gone from 0 to 52 units in just over 3 years time.Not only have I reached my personal goal of topping 50 units, but I also get an opportunity to re position a desirable asset in a growing neighborhood.

We're working toward financial independence so the question really comes down to increased cash flow vs. decreased liabilities. 

As others have stated, the team on the ground is the most valuable asset that you have.

Spending an hour with a CPA who understands your overall financial situations would be time well spent, but there are some general rules of thumb:If you hold the asset for less than one year, your profits are considered short term capital gains - which are taxed as ordinary income at your standard tax bracket rate. 

It tracks income and expenses, but not assets, so it wouldn't completely eliminate my use of QuickBooks.To populate Rentec I was looking to add a remote user (a VA) to my QuickBooks.

Lastly, I expect my mother will need significant care in the future and I don't want her financially destroyed.