I don't necessarily need the standard features of pm software, such as rent collection, bookkeeping and maintenance requests, though that could help; but do need a clearinghouse of important information, such as leases, legal docs and other information; maintenance vendors I use; maintenance history; and some kind of tracking system, where I can record the various current projects I'm working on within the business.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

These can be great for making initial connections and learning about specific markets.Since you're thinking long-term, consider spending some time in your target markets to build relationships with agents, property managers, and contractors.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

However, you have to invest in specific communities where they are encouraging development.

As far as I can tell, I'm the only REI in this specific niche within the county.

What specific concerns or opportunities are you seeing in your market?

Feel free to ask any more specific questions you have—there’s definitely a learning curve, but it can be a great tool in the right market and for the right property.Hope this helps, and welcome again!

Specifically, I’m curious about the following:2/2 vs. 3/2 properties: Are there significant advantages to offering a 2/2?

Adding details and specifics can help get to the answer or direction you're looking for.