As an AZ Property Manager, I see many clients develop wealth via real estate and encourage you to explore this option.Always happy to answer questions regarding the process, the property, the rental etc.PS: Make sure the tenants are screened really well!!

one thing I find in our markets is the larger multi family new developments just don't pop up one day.they are 3 to 4 years in the making and its a little like stopping a cruise ship once it gets going .so what we are working on today in planning and permitting we wont built for another 2 years or so.whats coming on line today folks bought and started in 2015 and 2016.. so that can lead to over supply for sure in the rental realm. 

You will develop the reputation of someone who doesn't close on deals which is the worst thing to be in the acquisition world.  

Here are some of my favorites:Dropbox is great for general document management.Evernote is great for notes, checklists, biz cards, etc.Insightly is great for task management and CRM.For bookkeeping, QBO is the software of choice.

The owner is a great guy who is an investor and developer himself who is great to work with if you have your ducks in a row. 

Money you spend for parking, office supplies, business software is a business expense. 

Our first goal is to develop enough passive income to replace our own mortgage payments and then see where this takes us from there. 

I would develop a solid criteria for size and product type you are looking for.

- Do you have anyone to help you develop the scope of work for the rehab?

A house that has survived 100 years of neglect has probably got good bones, while modern construction is often all about slapping stuff together as quickly and cheaply as possible in order to maximize profit for the developer.