If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

The neighborhood influences value but it doesn't mean that house is 400K. 

Find good software, figure out how to do dynamic pricing/yield mgmt so you can show owners how you can increase income (price for max revenue in season, occupancy in off season), hire good housekeepers and make a good corny website.

In this world of too much information and the need for attention to detail I personally like getting as much information as I can on any given subject; especially if it might impact or influence my personal financial situation which this does. 

Don't get me wrong, Excel is my number 1 software, but I would rather have QB do it for me vs coding everything on excel.

Do I need to create a sort of pig latin code in order to avoid the software scanning that keeps me in the forums to share the ideas I have, or do I have to fold and choose PRO before I'm ready to commit?

Here is a good article that I came across before when delving into scraping Craigslist:http://ghostproxies.com/blog/2015/09/the-ultimate-...In the article they do talk about a few different options for you to use.Suffice to say, your choices are either to pay someone for their software/service or you need to dig in and get dirty with some of the free code available.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

Good Morning Everyone,What is the best accounting software option out there for a realtor to capture expenses/earnings and to do taxes? 

We are currently using quickbooks and looking for a property management software company with features to more efficiently meet our marketing, tenant screening, lease paperwork, maintenance requests etc..