If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Example: A borrower has a $25,000 student loan balance and you multiple it by 5%, which equals $1,250.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

We are a few friends from California looking to invest in multi family real estate in Ohio. Initially, we were thinking to make an LLC. For LLC, we need to register in Ohio and California. If we don't go the LLC route...

Hey Jose,Yes, I have worked with them multiple times and they are very solid.

You could also ask the employer if they can spread out the bonus over multiple years. 

Give us your recent deals, or best potential deals, and share what your goals are to help Dave walk through opportunities, and potential pitfalls of your deal(s)Feel free to submit more than one deal, maybe even submit multiple deals you're looking at and he can help you weigh pros and cons of multiple head to head!

Getting multiple contractors involved will be your best bet to get a reliable estimate, though you need to come up with a scope of work.

A BRRRR strategy or house hacking with a duplex can maximize your returns.Consider leveraging financing to acquire multiple properties, which spreads risk and scales your portfolio faster.

Real estate is a business and needs to have systems.As a passive investor, the key is to select qualified sponsors who have multiple full cycle deals who align with your goals and values.