CCIM would be useful for commercial PM and actually is excellent for working the numbers, although more sophisticated than the average investor Client makes use of.Also, you should be very familiar with the fundamentals of plumbing, electrical, and construction methods and processes, and the aging process of the various elements of typical homes in your locale.

@Thomas KorbosThere is a new to the game an all in one platform DoorLoopAlso, once you build out your property mgmt company, you can use Gusto.com for payroll and HR. 

The “workaround” usually being used by the more sophisticated “wholesalers” is whereby the end buyer is identified BEFORE a contract to purchase is signed.  

When I first started investing passively in real estate through the syndication model, I was asked if I was an accredited investor or just a sophisticated investor.

A more sophisticated friend might think 10% is a reasonable rate.

After this meaningful experience, we improved our screening process, requiring verification and identifications, the signing of a rental agreement, and security deposits.We also enhanced our check-in process securing all our properties entry with more sophisticated keypads.In regard to technology, we acquired a real-time verification payment gateway.

To me, they generally are not as sophisticated as they really should be.

On to your question: I would say your list is probably very close, depending on the deal, i.e. large deals have management and payroll expenses, but smaller deals just pay a higher management fee, that covers payroll.If there are marketing expenses, that should be included too.For rents, I am confused by what you are saying

I am assuming payroll is being lumped into R&M.

Not for payroll (no employees) or for billing (not getting paid by the hour), so I don't care if it integrates with quickbooks, for example.Just looking to 1) know what I'm spending time on 2) maybe establish prof RE status or as evidence that another venture I'm trying is, in fact, a thing I'm trying to run as a business even though it is currently losing money and hence might be viewed as a hobby.