It is also a good idea to have a boundary survey done at this time too. 

@Laura Renteria It sounds like you are doing all the right things so far: being frugal, building up your knowledge via podcasts, books, webinars, etc. 

Dear Bigger Pocket Experts, friends and fellow Investors, I'm thinking of purchasing a property via lending from private lenders (more specifically, friends and close families). 

The important thing is to be able to respond in a timely manner via text message to guest questiond, your cleaner, etc.

Throughout this time, I have been thinking a lot and researching about whether it would make sense to continue spending the time renovating, or if I should buy refurbished, or if I should even look to purchase new.For those who are experienced in this space, I was wondering if anyone has ever done a financial case study to see if manually building a HUD code approved mobile home (via Home Depot materials) could potentially be cheaper than purchasing new?  

While Yardi Breeze, Yardi Voyager, and MRI each have maintenance programs built into their software directly or via "extra" modules, they each have limited functionality.

Remember a side hustle takes additional time and RE will not just fall in your lap but with hard work you can totally make it you main gig but keep your lending eligibility by keeping the W-2 job! 

Would you be selling via Lease option? 

Maybe I don't understand what type of benefits he will enjoy (via seller financing).

Once the salaries are paid out via payroll, how are owner/employees getting paid?