Here is an example of what I utilize for onboarding value add multifamily.

@Greg Soon I work in QuickBooks online with only Real Estate Investors. :) 

Also, access to online HMLs is compressing the total returns as the market gets more efficient.

Welcome to the BP online community.

I am estimating at least $50,000 between furnishing it and updating.How does this look:$1.3 million with 20% down DSCR loan buy-down the rate from 9% to 8% 30 year = $9,332 (principal/interest/tax).Utilities - $750Income - Was thinking $250 per day but let's say $225 per day for each unit (30 days) just looked at AirBNB and AirDNA in area = $13,500 (.20 vacancy) = $10,800.I would manage it, but still need to think of cleaning fees.

we do a brief pre-application online before offering to physically show any apartments. 

Turn over cost when your tenants leave (check leases), marketing cost to add to the placement and monthly fees from PM, and utilities if those are provided by the landlord.What's your exit strategy?

The basic idea of having an appreciative asset that I could potentially utilize later in life in a multitude of ways is exciting. 

Utilizing the years of experience from the people on the forums will allow me to talk intelligently with a realtor, the property manager, the seller, and so forth.  

A neighbor finds out he is living there with a simple online search and burns your house down3 A neighbor tells the local news channel and they show your house on the nightly news 4 A neighbor find out you are the owner with a simple online search and they begin harassing you and your family where you live.