Not practicing as an agent at the moment.

I recently started my own practice as a bookkeeper and tax preparer, and am excited to learn more about how I can help best service real estate investors!.

In my opinion, once you know the rates for a specific deal, the best practice is to underwrite base on the upper threshold of the range for similar deals to be conservative.

These associations often provide networking opportunities, legal guidance, and best practices to enhance your rental business.

I run a full-time planning practice focused on real estate investors, so I wanted to add a few thoughts for context:1.Cash Value Takes TimeMany IULs (Index Universal Life policies) may take 7–10 years before you can borrow a meaningful amount of cash value.

I have a call scheduled with someone on his team for Monday & hopefully that gives a little better direction / insight into best practices for new members.  

Thanks again for your guidance this is exactly the kind of practical advice I was hoping for! 

For most single-state investors, a local LLC is the practical choice. 

Your book is excellent and loaded with practical advice!!

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.