Jumping in again to opine.. if you go with lvp, you need to use the more expensive higher quality stuff.

I have gotten 90% financing for more than 1 first timer because of their credit and the quality of the project.You need to be very liquid using credit unions for the purchases of shell houses cause the rehab will be on you. 

Go for higher quality properties in better locations as rental properties are priced for risk.

@Luis Maza Just like there are quality contractors out there and those that are not, the same applies to wholesalers.

(Even if it feels like overkill now, the plan is to do a "lite version" of the system and build out later).Anyway, My question (for the crew here) is really  more about actual workflow.... i have my tools chosen, but despite what they all promise (efficiency) I feel like I'll be bounching from "use this to acquire a tenant", "use this to vet / quality / sign a tenant", "use this to communicate with a tenant"... 

HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National Standards of Inspections and Real Estate (NSPIRE).

Are their listings detailed with good-quality photos?

If there are significant developments planned in the area, such as big companies opening, new apartment complexes, hospitals, or malls, it could actually be a brilliant idea to buy properties, even if there’s currently no cash flow.Just something to think about before dismissing it as a poor investment to hold onto.

Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.

They are definitely that type - their excuses are always poorly-reasoned, convenient, and kind of dismissive to be honest.