Others recommend tools like Stessa or Buildium to track actual costs and project future expenses. 

Legal violations and penalities(fines) even if you have accounting software to track the difference. 

Real estate prospecting is a numbers game, so the key is to keep reaching out, tracking your progress, and refining your process along the way.Let me know if you’d like to brainstorm more ideas or chat about prospecting strategies!

How much are you being quoted upfront  Hi JonathanFrom what I managed to understand from reading countless BP posts and online, WY LLC have a unique blend of benefits that are favorable for R.E investors who are sole propietors.But I am happy to be proven otherwise if you have recommendations.

Each has their own tax implications.There are some alternative methods of calculating how much of the distribution and therefore the interest expense falls under this category, but the bottom line is that it is very important to keep track of. 

It should be pretty accurate - high level data sites are not always going to be perfect, but should always be directionally correct and AirDNA has a pretty strong track record. 

Being clear about what you want to do from the start not only helps you stay on track, but it also makes it easier to spot problems or delays before they happen.I totally agree that talking to people is important.

We use a third party servicer to do all of this - much easier and when starting just tracked payments in wuickbooks as servicer tracked everything else 

First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

You must find a team with a long track record of experience that you can hold accountable.