You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

I've invested with the same group for the past 7 years but when I joined they had been already in business as a real estate fund for 3.5 years and asked to meet withy the fund manager who took the time to tour me personally in California and hen a year later I went to see one of their bigger projects for assisted living facilities. 

I've done a lot of research on this topic as both an investor and as one who assists other investors in exploring this strategy.

Quote from @Mary Jo Carruthers: @Albert Hepp Did you know that there are quite a few non profits and also the city of Austin in the austin texas area that provide down payment assistance for first time home buyers?

Do a case study.

Study the market.

Additionally, you may wish to speak with a CPA as to whether or not becoming an S Corp is the right decision – they can assist with reducing self-employment taxes.

Best of luck on the investment journey, feel free to reach out if I can be of any assistance! 

I'm the case study and I'm telling you flat out that even at 8% or whatever my crappy rate is, I STILL only pay $1000/year ($83/month) to do this whole thing and I'm not even great at it.

If you’re still using spreadsheets, it might be worth checking out—it’s like having a personal accounting assistant for your rental properties.