I’d recommend steering away from condos due to high HOA fees, which can eat into returns.

A good approach is to set aside an additional 5%–10% of gross rent for CapEx, depending on the property’s condition and renovation quality.While turnkey companies often provide attractive numbers, it’s important to remember their goal is to sell properties.

Here is a list of potential options:Trello/Asana/Zoho Projects/Freedcamp/Basecamp/Workfront/Monday.com/Jira/etc,etc,etc,etc,etc - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration toolsTeamGantt/Gantter/MS Project - Gantt Scheduling Softwares for creating Gantt Charts & Timelines, & managing tasks.Podio - Customizable system that allows you to build workflows, track tasks, track leads, etc.Smartsheet/AirTable - Provide spreadsheet style platforms with additional functionalities for uploading documents/images, assigning tasks, calendar, images, etcOffice 365/Google Sheets Spreadsheets - Believe it or not, a lot of successful flippers still manage their entire business in Microsoft Excel or Google Sheets. 

Sometimes they find a renter that will sign a lease for a high amount only for the renter to default leaving the owner eating the vacancy. 

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

•Use this credit to fund additional properties or expand into other ventures.By the end of Year 2, you’ll have:•Two LLCs: one for operations and one for property management.

If you need help with funding or additional guidance at any stage, feel free to reach out.Best,Drago

You may even be able to fill additional rooms if the potential resident knows others who are traveling to your area.3.

I can't remember exactly, but I believe the main ones had to do with additional parking restrictions and water.