But to the excellent point above, for liability you should definitely go higher and it's usually not too much more expensive.

Thank you for contributing to share your experiences and candid feedback.

The value of the land is estimated to be about 35% of the total cost of the project, I have an excellent credit score, high income and very low DTI so qualifying for a loan would not be an issue, other than the fact that I am not a GC.

However, another rent-by-the-room company called HomeRoom does an excellent job souring and managing tenants.

Dealpath seems like it could be a great fit if we scale as projected over the next 3 years, but I want to make sure we're choosing the best tool for our needs.Ideally, we're looking for software that allows us to integrate our existing Excel models and helps with deal organization and KPI tracking.

If you are tracking depreciation for purposes of repairs and maintenance (like anticipated timing of a new roof for example), you could probably get away with using excel and then just manually booking a journal entry.

i have an excellent credit history. 

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

As for furnishing costs, you are welcome to PM for my Excel shopping list.

Are you paying full market value reflective of a property in “excellent” condition, or are you paying an “as is” type pricing?