--> Automates a lot of your expense tracking --> Much cheaper than most softwares/fancy sheets --> Will probably save you a couple of thousand extra on your taxes if you follow all the recommendations. 

Quartz makes sense for a high end unit/ fancy neighborhood where you can and will attract tenants willing to pay more for them.Repainting is often a no brainer, but could be based on the current conditions as to whether or it is needed.I agree with Melanie on researching the washer/dryer comps. 

@Lor Fara Great questions.Regarding Underwriting: That's is a fancy way of saying "running your numbers" (according to your pre-determined returns, criteria, or goal requirements). 

A "quick math" AirBNB analysis would have me just under breaking even on the mortgage after accounting for management, AirBNB fees, CapEx, vacancy, routine repairs and about 10% set aside for other STR related supplies.

Granted your costs are probably lower than mine, but luxury builds are minimum $250/ft2 here currently, and can easily go over $400 without even getting that fancy.

again, it's not "my" specific scenario. every year, OK gets hammered with storms and people's roofs get replaced that doesn't harm one's premium. my roofer was "able" to tie it to whatever storm they had on this fancy weather app they use and used it to submit the claim. was it really "that" storm?

Option 1 will require experience and is just there for illustrative purposes, 2 and 3 (in the absence of experience owning CRE) will require that the borrower be local to the property (if you want the best financing available on your first rodeo, stay local and stay turnkey, your lack of CRE experience is offset by your presumed local neighborhood level knowledge, etc, you can get fancy & still get good financing once you've got local & turnkey property #1 under your belt).

I got fancy with the title and called it HOW TO BUY MOBILE HOMES lol  Writing a book was always on my crazy goal list because I was not the brightest kid in school and I like to do what people don't think I'd ever do. 

Hi All, I'm freshly starting my MTR and have quite some questions that need your help: For tenant screening, I plan to do the routine background (eviction, criminal) screening and credit check.

With funnels, always start with the end goal and reverse engineer it - if you do it the other way around you'll most likely build a lot of fancy, unnecessary clutter, which we don't want.What kind of leads are you going after and what's your main objective?