You are losing up to 3% on each investment property purchase, also, you get a lot of great tools for evaluating properties, market research, etc.

In the booming market in Memphis, I've found that having the right tools can make all the difference.

Hello,I am looking at several tools.

This is the #1 issue that most of the operators I work with have issues with.A strong maintenance process means you have a CRM with all your people, a basic understanding of rates, contracts in place, and backups. 

Get your real estate license, this way you have the tools to evaluate properties.2.

Does anyone have a suggestion for a more seller friendly tool?

Thank you for your inputMatt,The tools mentioned in this thread are the big ones.

Hard money financing can be a powerful tool, and your lessons are spot-on.

I'm pretty handy, and over the years, I accumulated a lot of tools and can do a lot of things myself (minor and major plumbing, HVAC repairs, major remodels, I've done it all, but sometimes I prefer to pay someone else to do it).

There are pros and cons to these loans and as long as you know WHY you'd use one, they can be a great tool.