Virtual investing machine as an automated to the house buying and rehab process?

[Max Vulcanus]

I have been creating a virtual investing online software system for buying real estate for about a year and it is almost complete and I am just doing the finishing touches.

Question: Can any of you please give me some comments as to what else I can add, modify and etc to improve the system better for the general public?

Here is a general description of the online software system:

"It is an online hosted system like BiggerPockets. Once the real estate investor/buyer signs up online, he can create user accounts freely for his team members that will work for him. His team members can include title company, appraiser, inspector, rehab supervisor, prospective private lenders/hard money lenders, administrative assistant (to call utilities companies to turn on utilities for HUD home and to be there for water company folk when they turn on water) and closing attorney.

Of course, the real estate investor/buyer can certainly assign the role of administrative assistant, rehab supervisor and home inspector to himself in order to save money and do the work himself. Still the system treats those roles as performing separate functions and treat them accordingly accordingly.

Once set up, the system will take the real estate investosr and his team members through the buying process and closing. When it comes time for his real estate investor and team members to do their portion of the work, the system will send email and/or text message to cellphone to inform the person to log into the system to do work.

Different team members who play different role will see different web pages on the system. For instance, an appraiser on the team will only see the address of the house that the real estate investor assigns to him, the lockbox combination (if one is given) of the house, key in the appraised after repair value of the house, upload the appraisal report and save. Title Company will see address of the house, seller's contact information (in case parcel number is needed to do the title search) and upload the title search report, indicate if the title is clear to go or not, and preliminary title commitment and save".

Information that team member uploaded or keyed will be shared online with other team members on a per need to know basis only. Prospective private lenders/Hard money will be able to see what they need to see to make a go or no go decision on that particular house etc.

With the system, the real estate investor will be able to estimate repair costs, calculate the equity in the house based on acquisition cost, appraised after repair value.

He can also generate detailed repair list and upload photos that pair with each description of the required repair item. This will serve as part of the contract with contractor and ultimately be used as the 'punch list' to ensure all repairs are done.

IF he so chooses, he can assign someone (college kid?) to print the detailed required repair list and invite contractor bids and then key in the bids. Again, the person will only see what is necessary (detailed required repairt list, key in contact of contractors, their bids) and no more"

The advantage of the system is that it takes the real estate investor and his team members through the buying process and the rehabbing proces in a systematic and methodical fashion without the real estate investor having to coordinate all the work or forgetting something important as there are checklist to enforce those. It will give assurance to private lenders that the real estate investor has a system in place to make money for them and that prospective private lenders can participate in the process, see the repair list, repair photos, the appraised value, the equity, the title search result etc to make the go and no go decision all online!

Any comment is very much appreciated and it will help improve the system for the general public.