I did not take away from it the host should be a newbie, but I agree, the host should not be a newbie in real estate.What we found actually works best is when you have a newbie with an experienced person so the information can go deep but also be broken down in a simple way to explain things.  

New to real estate and hoping for a simple way to track.

Closing costs vary but are usually at least a few grand in addition to the origination fee which tends to vary between 1-3% of the loan amount.We have a simple yet detailed fix and flip calculator (cash flow tool) that clearly accounts for all of the relevant costs and gives you a sense of net profit, ROI and total cost associated with each project.

It could be something as simple as someone left a hidden faucet open somewhere, or it could be a cracked pipe, or a leaky toilet valve, or an open water heater drain valve, or...you get the idea.

We use baselane, so is there a simple process with accounting software that would make this easy?

To improve DSCR there is 2 simple functions, either MORE in rents, or LESS in loan. 

My simple question. 

Just a simple statement such as "I hereby forever release my redemption rights to the following property:  (with legal description and street address and tax parcel ID number) and then they sign and have their signature notarized. 

Simple... if you are moving more than 1-2 hours drive away from the property HIRE A PM!

Give something first - my example is simple - Can I cold call for you, I need to practice in this area anyways?