Let's collaborate in 2017!

Saving on commissions, having access to your local MLS, do you wish to collaborate with other agents in an office, planning to make a FT career out of it, etc. 

I will prioritize location over cash flow next time!

The drive-by night cost seg firms will not collaborate with the client's CPA.

Hi Tashinga,It is NOT easy to be an agent part-time, so prepare yourself to really prioritize your time and be super-efficient with your activities.

I currently use static templates or collaborative Google Sheets.

I used them because they would prioritize me when it came to scheduling, but would do a very thorough inspection.If an inspector glossed things over it would put my reputation at risk and that's the single most important thing you have in any business. 

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

A roof on a $75k house that rents for $800 is going to cost roughly the same as a roof on a $250k house of similar size and type that rents for $1,800.From my experience, cash flow on residential property starts to look better at the 1.5% Rule or better, and at price points of at least $150k.Good for you for making a conservative analysis and prioritizing cash flow! 

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.