@Joe Marcum on this property I am using MB financial but normally go through Central Bank for the loans on all my previous multifamily properties and I did a 30yr fixed on all of them.

I am using a combination of Excel (to house my lead list) and Zoho to record leads, track properties, create reminders, etc.I would say that it really depends on what you need the CRM for and how much you want to spend.  

Your (amusing) analogy with the coupons helps me to solidify the two options I'm really considering: 20% down with a conventional loan or 10% down with a VA loan (to lower funding fee).

Rehab Costs: $5,900 Est. 1 Month Holding Costs during rehab: $500 Total Annual Rents (3 units): $18,000 Last Year's Water: $4,200 Heat: Paid by Tenants Taxes: $2,900 Insurance: $1000 Mainanence: $1,000 5% Vacany Loss: -$900 5% Rent Collection Loss: -$900 I am using all cash for this offer but am calculated a ROI around 40 percent.

I have been self employed for the last 25 years and I am using real estate as part of my retirement plan.

As far as financing, I am trying to flip the property and am using hard money.

Investor would buy from me at My Offer + $4000Expenses: $342/mth (not including a mortgage note, including Vaca, Repairs, Cap Repairs, Mgmt etc.)COMPS: $60K (from realtor)Rent: $790-$800 (as told to me by a property manager) but I am using $750 List for $62,500 (Tax Assessor valuates at $55,200)My offer: $52,0003/2/1433 sq ft, built in 1958.

I am using Rick Parreco has personally done flips in the past and works as a full-time agent on the shore and Anne Arundel county.

I’m in the process of buying my first rental investment and I am using a hard money lender I had a question for you.

Also, since I am using a property manager, I will not deal with the tenants directly, so they likely won't even know that I exist.