@Johnny Lau because a lot of investors don’t like scheduling meetings to ask the GPs why their numbers are jacked... which is how I get to spend this lovely afternoon extracting info on a golf course community.

Things I'm looking for... easy to set up, efficient data entry, meaningful reporting,  and something that could be offloaded to VA once I get the systems in place.We plan on marketing for our brokerage and property management business, if that helps in what you recommend.  

., the taxable rental income), I get the new 199 tax benefit which reduces my rental income taxability by another 20%.Compare this to taxable wages and I think you will see just how overwhelming the tax benefits of rental properties are if you select the right properties at the right time and manage them appropriately over a meaningful period of time.

I think the main reason is that you need to have a significant amount of equity in the property in order to get a meaningful line beyond the typical 80% LTV. 

I've been following the podcast for a while as well as a few others (listen money matters and passive real estate investing).As I was discussing with my wife the idea of building a real estate portfolio in addition to our existing investment (high interest savings, stocks , 401k , IRA) I had a hard time articulating the obvious risks involved w.r.t to losing meaningful amounts of money (15-20k plus)Im planning on starting with something turnkey for a remote property (which I have tons of questions about but that's for another post).

I'm getting off the point here, but it's important to the story of mortgage appraisals and lending that is coming up later.The most trusted and reliable method of extracting market values for elements of property value is the Matched Pairs Analysis.

This is where you can extract a premium for having the liquidity that they don't. 

While I'm just starting out myself, I have a number of friends and family that have done this full time to talk with and extract insights and information.

It ceased being fun and exciting for me, since I can't really get any higher. (850 is technically the highest, but there's no meaningful difference in an 832 and an 850), so I started helping some of my friends and family with theirs, and then expanded to helping random people who are patient enough to listen to my rambling.

I also have a lot of skin in the game (and other collateral) and would make sure the capital extracted out during the cash-out refi would pay back the principal balance or her HELOC first and foremost… and of course, compensating her with a big hug and a thousand dollar bill.Just trying to think outside the box.Thanks,Andrew