Hi Everyone, I am David Logan, a Software Engineer from Auckland, New Zealand and I am currently looking into what REI is all about however I have no background in Real Estate nor does anyone in my family.

I’ve worked in varying capacities as a financial analyst, software engineering & product design instructor, & senior design engineer with growing startups to some of the biggest companies out there.

Quick Tip: If you haven't already, I'd look into some PM software to make your accounting/management life easier.  

there seems to be numerous pre-purchase analysis software programs for creating a pro-forma for multifamily Acquisitions, available in the market.

If you choose to go it alone, refer back to BP podcasts where people talk about how they manage their own properties and check the show notes for links to the software, resources etc. that they use to be professional, organized and ultimately successful.  

When PoL (or others) make decisions about Property A that are influenced by events on Property B, how does this expose investors, and what is the liability of PoL to act in best interest of the investors?

Do this for a few months – you may want to take a real estate course to get your license – Attend REIA's – BUT do not trust the sales pitches you will hear – I don’t think you should spend your money on those programs – if you want to spend some money – get a mentor –The candidate for your mentor should be financial successful – in many phases of making money in real estate; auctions, tax sales, lead generations, contract engineering, assignments as well as the many creative clauses’ used to buy real estate.I think you will do well – take it slow and easy – don’t be influenced by big talkers – counsel with spouse – create credit lines – be ready with a form packets of contracts – assignment forms – notes – disclosures and blank checks – study and learn from others ------ AND HAVE FUN – your journey to a better income and more of what you want out of life is exciting and profitable.

I'm considering purchasing accounting software as opposed to using spreadsheets.

Went to a free tax liens presentation where they sell a 3 day work shop and their software for $600.

I want to make this a full time thing and I have an LLC, websites, and real estate software but I haven't had any luck closing deals.