One of our guys uses this and likes it....)Several of our guys use Top Producer which is tailored to real estate (focused on agents of course) and really not that expensive ($85/mo) once you get to the level where you actually need a CRM.But honestly, one of our guys will do several hundred grand this year and they have no CRM.  

And only owed about 350k,  since then, I've used all the cash flow, plus a couple grand a month to pay off.  

That brings up the question of whether I should just stick to the 100-150 k range and put 20% down on a conventional mortgage because I have roughly 30 grand to put down on the property.

It was heired to her grand child who does not want the property.

Not nearly enough rent on 55 grand .

A nice but arguable in-the-middle would be something like Bellingham, WA (yes, i have a biased opinion), Spokane, WA, Ann Arbor, MI, Arlington, TX, Grand Rapids, MI.  

I would just put an add on marketplace and get a wholesaler to give you a few grand for it and walk away.. my gut tells me that trying to rehab it your just going to throw good money after bad.. if it truly has value you will have offers on it.. 

My question is, could 5-6 grand start me off in right direction?

Also, yearly revenue means little in the grand scheme of things, it's really your Op Ex ratio that is the silent killer with STRs so be sure once you have a yearly revenue you are comfortable with, truly dive into the operating expenses involved. 

After speaking with him and his wife we left there feeling extremely confident......if only we knew what was in store.After blowing to 2-3 grand on due diligence on SFH's that we didn't end up purchasing due to terrible inspections, hidden deferred maintenance or unpermitted work, my wife was starting to doubt if we would ever find a property.