Even though they are the expert, you still need to ensure they fit you well.

Are there specific reports or practices I should follow to ensure clarity and proper management of both types of accounting?

Additionally, the growing population in Memphis ensures a consistent demand for rental properties.For someone new to real estate investing, partnering with a company that provides a full range of services can be incredibly beneficial.

I currently work as a consultant, on a project that deals with a lot of risk assessment, identifying pain points for my client in areas of improvement, along with these types tasks, there is a lot of tracking and monitoring of multiple different requests that are going on at one time, as well as having to manage my team and personal to ensure we are meeting all necessary suspenses.

Ensure that the borrower’s financials and the property’s value are strong enough to cover both liens. 

Purchase agreement that ensures assignment capabilities. 

If this is going to be your first investment, it's important to budget for any necessary repairs or upgrades yourself to ensure a cushion or opt for a different strategy. 

Jay, the deposit we are seeking is 25% of the purchase price (this down payment goes towards the buyers loan to buy the property) and ensures that the buyer will move forward with the deal as in any contract.

Pools are cost efficient above 20 units, but under 20 it’s often better to just fill it.

Also be sure you underwrite them to ensure they have the ability to repay (dodd frank).