The one thing I wish I had known on my first deal was to find the pickiest most thorough inspector you can.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

DisclaimerI am not a title company, and I strongly recommend hiring a professional title company to perform thorough due diligence.

If you are looking inside Philly, check the specific area thoroughly - Philly currently has a glut of new construction apartment inventory with amenities and free rent incentives you could be in competition with.

Even I was close to a  fabulous house but the inspector was so thorough and he mentioned Wood Destroying Organisms and we found so much termite infestation in the attic etc that I decided it was too much work and moved on:)

(Make sure a thorough discussion of your RUBS billing is included in your new Leases).  

Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.Just fill in everything, including the Advanced Inputs (you'll need to change default 30 year mortgage term to 180 months for your 15 year mortgage)Transfer costs will depend on your state and local municipality.Tax on rental profit will be your current or projected personal tax rate.THIS CALCULATOR IS PRETTY THOROUGH! 

Builders might have their own contracts, so please go back and read it thoroughly. 

This mindset encourages thorough research, allowing investors to identify emerging markets and trends that can lead to lucrative opportunities.

The wholetail is a smart play, but you should be cleaning the place thoroughly and doing no repairs and then presenting an honest proforma with rents and expenses estimated so investors have a PDF to look through.