We are hoping to streamline tenant communications, maintenance requests, and payment records. 

That covers the down payment for the purchase, the rehab, and the $18,000 for reserves for the account, and $5,000 for me for each property for the time and work involved.

Maybe a better question would have been if you know how much money you have for a down payment on a property? 

They will have a lot of questions and trust issues. 

I do direct booking through the Houfy website, taking credit card payment by Square. 

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.

I am thinking about taking out 5 to 10% to fund a down payment on my next live in multifamily house hack.

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

You’ll also want to know how they handle rent collection and late payments and if they can provide references from other investors they work with.A good investor-friendly agent should have a strong network of professionals like contractors, inspectors, and lenders to help with your investments.