Join the club - I'd guess 90% of the investors I insure don't follow some or all of the above processes above and it's a legitimate exposure to you the property owner that is not inexpensively insured on your end of things.

A life-long friend of mine's dad has been an oral surgeon for 40 years.

Once the project is complete the equity is captured via sale or refinance to payoff most or all of the HELOC.

Without them you will run a sloppy business and things will fall through the cracks.I wound have most or all of these set up well in advance of taking on my first client.

They will give you a quick 1. preaproval or 2. denial (hopefully #1:-) based on your oral facts like your credit score, debt to income ratio, job stability, years at this job, reserves.

As such, you are paid a gross payment with no taxes taken out.You may be required to pay estimated tax payments throughout the year.You may be eligible to deduct part of the cost of your automobile if you drive clients to properties.You may be eligible to deduct a portion or all of your health insurance costs if you pay for it.There is a 20% QBI deduction that you may be entitled to.If you knew all of the above, go ahead with a software.

However, I still feel like there's tons of knowledge I'm lacking which makes me feel completely inadequate in terms of negotiating an actual deal.I am looking to invest in a duplex or triplex in the Atlanta area (westside) using the VA loan.

Renters are screened by the government and lose their section 8 status if they tear up properties and they don't want to lose the benefit of the government paying most or all of their rent. 

@Brandon MalbroughThis is the method I use.So you may or may not have all Tenant owned  or all park owned or a combo or the two.Take your pad income minus your expenses and divide by your cap rate.

My investor partners bring some or all of the cash to purchase the project and fund any equity gap to kick off construction.