My main goal with BiggerPockets is to connect with other investors and hopefully build a reliable network of lenders, property managers, contractors, and agents.

A formal business built on this seems overkill as you’re essentially paying someone for a service that already has standard model.If you and the parnter have distinct business tasks/abilities (i.e. not what you would hire an agent or contractor for), such as off-market lead generation, that’s a different discussion.

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

@Brandon P.I use a mix of things and still struggling to find the best solution.All the solution requires to have a mechanical lockbox with backup key at location for lockout or contractor.

A contractor can help with this or realtor who has done this3. depending on what side of highway 35 this is on is going to be a huge deal4.

I now have a full team with property management and contractors in place. 

For example "Just get 3 estimates from general contractors.." is a lot easier written than done!!

You will have to source these properties from a wholesaler, where you will have to put down hard non refundable assignment money at the assignment of the contract, or source them yourself.The steps to follow for a subject 2 property are as follows:1.

What exactly happened with your contractor that went sideways? 

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.