I don't think we will need the PM software piece or accounting piece as we intend to use different software for that purpose unless you can make a compelling reason not to, lol. :) For now, we are just getting into flipping and are trying to run some hypothetical scenarios though a calculator to rough out costs and estimated ROI for our first wholesale flip.Thanks for any guidance you can provide!

This does not account other expenses like TI, commission.

I'm not saying you are responsible for the repair or damages; I am saying a professional would know what they are responsible for, and they would act accordingly.Hi Nathan, I am well aware of who is responsible for what, but as we all know, the cost to hold someone accountable often outweighs what is recouped at best.

You could set up a “deferred down payment for 12 months” or have a stepped up down payment (so much per month until number is met) It's really whatever makes sense for the two of you.Things to consider, property taxes have to be paid, repairs have to be made, vacancies have to be accounted for, insurance has to be in the name of the person on title.

I’m a newbie so please forgive me but the Opex at 24% of the Gross rental income seems low.

I guess my only assets would be retirement accounts, my car, and my golf clubs 🤣Is that what you mean??

I found this one surfing around https://jerrybarker.com/calcul... but we usually just average the income out then use https://propertytracker.com which isn't designed for STRs but works fine after averaging the projected income outside of the app.  

Any recommendation on building a team, accounting, etc and how to do this?

Adjusted on a per-square-foot basis to account for more small homes being listed compared with 2019, the median price increased by 52.7% since May 2019.The number of homes for sale improves but is still low compared with pre-pandemic levelsThere were 35.2% more homes actively for sale on a typical day in May compared with the same time in 2023, marking the seventh consecutive month of annual inventory growth.For the first five months of this year, the inventory of homes actively for sale was at its highest level since 2020.

It's a business so the rents will be the main income and subtract expenses including savings.