That's where many fail as investors and those who fail are generally the ones sitting behind a computer making decisions without understanding the fundamentals in the markets where they invest.

LPs are responsible for sending their equity before close, keeping their banking info up to date in the investor portal, and checking out the quarterly updates. 

We use Quickbooks to manage some of our internal tasks like expense tracking, invoicing, etc. but Use bench to manage all of the more tedious tasks like bank recs. and tax prep.

I also agree with your assessment of low-end homes, if you're going low-end they better cash flow well because I wouldn't bank on appreciation. 

. $24,540 annual in annual interest to the bank.

The only change is you're not working with a bank for this transaction (and, there are so many benefits from that).Ensure you have an easy and smooth way to pay your monthly payment to the seller/lender since you'll be working directly with the seller on that rather than a bank.

I also use Baselane for banking and accounting because you can mark each transaction with a tag. 

Hey @Katie Williams just wanted to clarify a few things:We will take away a tenants ability to pay via ACH after 4 failed ACH payments.

@Logan M. another stream of income, if you don't want to have clients finance through banks is financing them yourself and collecting the 12-15% on contract sales.Do you offer any mini storage in any of your communities for an additional income stream?

I would connect with a few lenders on here, find one local mortgage broker, and then call around to several regional banks and credit unions.