For us, we use Reliant for the make readies and TXU energy for properties that either have lights included in their rent or for common area lighting.

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

This is probably common among buyer prospects, too.

The agent's compensation is negotiable and 6% may be more common if that includes the buyer's and seller's agent, but if the 6% only covers the selling agent, then that's a greed reach especially considering it's a 2m+ sale price.

More commonly, a Revocable Living Trust ensures your assets are passed to a trustee upon death.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.  

Always approach such claims with a critical eye.This education has potential, but like any tool, it only works if you put in the effort and stay vigilant against common pitfalls.

If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise. 

Probably the most common mistakes made in the development business by non builder property owners.

There are so many contingent items that can arise.