Another agent contacted me regarding listing another property where inspection contingency asked them to match Redfin terms that includes 1.5% commission, virtual walkthrough and other items done by Redfin.

Vague scopes tend to lead to miscommunication, inflated bids, or change orders later on, which can be frustrating and expensive.Once your scope is locked in, get bids from at least three contractors and ask them to quote off your itemized SOW.

Additionally, don’t forget the upfront costs of furnishing and setting up the property for rental use—budget at least $10,000 to $20,000 for furniture, décor, kitchen items, and photography.

The most important part of being there is having the inspectors advise you about the important items that are going to be on the report (Foundation/Structural Issues, Termites, Mold etc.)

Start with an electrician, plumber and HVAC guy since this is how your project should start which is figuring out all of those items (Find guys at the trade specific supply yards)As you hire in the subs ask each of them for a good referral for the other trades. 

The investors that I work with find that they have less risk in a property that all the items are new. 

He had to refinance some of his properties to pay for roofs and other large capex items and after 35 years he can't retire, he has very little equity.

For example some items during the rehab might need to be brought up to code, completely replaced or might break from other rehab going on due to old age.

You must know your state's l/t laws to stay out of trouble on this: If no one claims the property within the required timeframe, the landlord may be allowed to sell, donate, or dispose of the items, following local laws (e.g., holding a public sale in some states).Cleaning and Re-renting: Once the lease is terminated and belongings are removed, the landlord can clean and prepare the unit for a new tenant.

There are likely other TC's that are doing well and big volume, but if you are just wanting to understand what are good tools to use to handle template communications and such....then I'd 1 up the dotloop item listed above, a project management system like trello or something would be great and then you'll likely want a crm if your don't already.