I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.

We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.

This is straight from the CFPB website: "Additionally, for 60 days from the date your loan servicing transfers, your new servicer cannot charge you a late fee or treat the payment as late if you sent it to your previous servicer on time or within the applicable grace period."

If I were you, I'd check out Mike Curadossi's website: https://section8doneright.com/.

You can find the most recent sales price for the property on the local tax records website or by doing a quick search on Zillow.

Name one product that completely eliminates lead generation costs, and efforts, where the leads chase you instead of you chasing them?

During this time you are not generating any return from the money invested in the ADU.

- Many PMCs only put on their website and Zillow and do NOT put on MLS for max exposure.2) How many pics are in the ads and what do they show?

However, I made the error early in my career of thinking I was generating way more cash than I thought I was. 

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)