Finally, any advises or tools on how to better manage the development process, track expenses and monitor budget?

Quote from @Krista Lance: @Kevin Sobilo @Thomas Talbert Sorry - I should have specified more, I have a property manager for these properties, and they track all of the accounting, etc.

I also self manage.  

We do the book keeping and self manage our properties.  

@Tammy Elias The lease is tied to the property, not the management company.

Hey BP Community,My name is Sylvens Bellanton, and I’m the founder of Clearview Management, an investment group specializing in real estate acquisitions.

Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management. 

If you ever need help running numbers or managing your property. 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes. 3) On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Hi everyone, Currently working as a construction manager in Texas, always had ambitions of owning my own business.