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In this training tutorial by Randy from Excel for Freelancers, viewers will learn to create a comprehensive rental property management application from scratch. The tutorial will cover the essential elements, including managing properties, buildings, tenants, units, income and expenses, as well as setting up alerts and reminders. An impressive single-click dashboard will also be developed. Randy emphasizes that participants will see each step of the process, including any mistakes, coding, and formatting. Viewers are encouraged to subscribe and activate notifications to receive updates every Tuesday for ongoing training sessions.