.- Unfamiliarity of software with my Bookkeeping and Accounting team.Altough not ideal, you may want to pay and do bookkeeping on both platforms for 3 months to see if you 100% want to make the switch.I still use Quickbooks, but the desktop version, it runs perfectly for all my bookkeeping needs.

Once you have a short list, get an account with each one and run them through the wringer to see how they function.

Flipping it will take time if you have to sell.Plus a home like that doesn't lend itself to a LTR unless there is a demand for high end rentals.What I would like to see is some examples of what you are looking at along with basic numbers you have run so far.

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs. 

The 15-20 year run people had is gone, so be VERY careful with listening to some of these "real estate gurus." 7.

We want to get a few rentals up and running and then (if all works well) begin bringing other friends/investors in to invest with us.

I am a realtor and wholesaler, and I get some buyers looking for owner financing, some sellers need/prefer getting cashed out and there are some lenders I work with who can provide the financing however they run out of funds sometimes.

I am still searching for a solid and well run property management company in Memphis, TN.