I know pretty much what John does and in Texas I believe he has it nailed when his "system" is appropriate.

I'm considering using an online rent payment system for collection of rents.

For example, defining strategy, building systems, raising money, focusing on acquisitions, etc.I'd much rather spend my time doing those things that are earning hundreds of dollars per hour than doing things that will only save me $15-20 per hour (the construction tasks).The most successful business owners are the ones who spend more time working ON their business and less time working IN their business.

It winds up being sold before it is entered into the Multiple listing system.

:-)) A septic system has all the necessary flora/fauna to dissolve any/everything!

Bank of America exemplifies a broken banking system that fails to deliver time and time again, and in more ways than just how they handle their REOs.

When you get to mid-rise or high-rise buildings you will definitely be getting specialty inspections of all the major systems in addition to the engineering inspection report.Good hunting-

Negotiate a good deal on your start up expenses (E & O Insurance, signs, MLS and board membership, etc) versus the cost of the commissions you are paying.

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Good points mentioned by others about multi-family properties vs single family homes.Pet hair gets into the HVAC system and even appliances such as refrigerators and ranges.