You may benefit from operating your wholesale business as an S-corp to potentially save on payroll taxes.You may also be required to file a corporate return for your painting business.Lawrenceville GA appears to be very close to Atlanta GA.

Ask a few management companies for the quotes)- payroll, if any (if not, increase management fee to reflect that)- general admin (office expenses: phone, internet, supplies, etc.

My recommendation is that once you have chosen the market you’re going to be investing in, then use the air DNA data to do a deep dive  The Rentalyzer is pretty awesome in theory, but it isn’t sophisticated enough to detect things like “this property is waterfront; this one isn’t”.

The one I have is good for a quick analysis but I probably need a more detailed and sophisticated one once I do a quick analysis and determine its diving into deeper.

@Cornelius Garland - Thanks for the very informative post.We too removed any owners that were businesses and LLCs as we did not want to deal with any "more sophisticated" investors. 

Not very many people do count these and not many sellers or listing agents care.Good question but that market isn't a particularly sophisticated one due to the number of owner occupants and inexperienced realtors giving bad advice.  

The "big deals" right now are selling at a premium and all of the players seem to be fairly sophisticated these days.

When you are more sophisticated, then look into an LLC, but not when you are first starting out.

Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

Proper management infrastructure includes payroll personnel on-site, and you need at least 2, one manager and one maintenance.