Quote from @Bethany S Labrinos: Hi BP Community,My husband and I have been preparing to begin our real estate investment journey, and we could use some insight. 

But I could sell partials in the future.Is there software that people use to manage their portfolios? 

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

I wish you the very best of luck and I look forward to hearing about your first successful deal. 

As a management company, we also have a duty to get a property occupied with a qualified resident as soon as possible and sometimes that means adjusting rents down for right now to generate revenue.  

With the rise of e-commerce and the need for efficient supply chain management, businesses are turning to logistics apps to streamline their operations and improve their overall efficiency.

A feature that our Pro Members love is the fact that they can manage of all their rental properties for free using RentRedi.

It's best to have a house manager.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.