Quote from @Caleb Thompson: I know versions of this question have been answered, but as a new investor, is it most conducive to keep my first rental property in my own name and look into an umbrella excess policy (1-2 mil limits)?

The numbers use to be within plus or minus 10%.I know you can change the comp sets if you have the paid version, but most users do not pay for it or want to take the time to do it.

I recently finished a beta version of a small multifamily deal analyzer (1–5 units) that I thought this community might find useful.The focus was on making it simple and dynamic:- All assumptions go into the blue input cells.- Returns like IRR, cash-on-cash ROI, and equity multiple update instantly.- No need to adjust formulas — it’s plug-and-play.I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.If you’d like to test it out (and help me refine it by providing feedback), feel free to reply here or message me directly.Question for the group: What features do you find most important in a deal analyzer?

Whatever criteria you choose, make sure they are:• Written down and saved (for documentation)• Applied to every applicant equally• In compliance with Fair Housing laws, including local Chicago rulesSome landlords include a short version in the listing (for example, “Minimum 650 credit score, income 3x rent”) and then share a more detailed checklist or prescreening questionnaire when someone reaches out.

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

If you’re brand new and trying to figure out which brokerage to join, here’s the no-BS version from someone who actually works with investors and flips houses, and owns rentals. 

Is there any cheaper either do you versions out there?

Run both versions of the scope on a deal, compare time-to-cash and appraisal impact, then pick the path that returns capital fastest with the least surprises.

I upgraded to the paid version to have unlimited receipts scanned and schedule E prepared for my CPA.