Buildium, appfolio etc are some on the expensive side.

Does good appreciation in the area offset little lower rents in your opinion?

Hopefully your rent will cover all the rental home expenses and pay the heloc mortgage.

As a newbie, if you do get into an appreciation play, you can look a little bit more short-term down the road and recognize that you can likely refinance your property once interest rates drop and actually see some cash-flow once you reach a lower payment.  

All the income should be deposited into your LLCs account(s) and ALL expenses should be paid from those accounts.

It seems the people getting loans with lower down payments etc. are ppl with experience and a reputation or relationship with these lenders?  

Powell sells at $242 a sq ft. skip findlay. there is only 7 zips I'd ever build in and they are all downtown or downtown adjacent. we stopped doing suburban to lower risk and increase density. increase to 3 units.

Profit is income minus expenses. 

we havent had much luck with co's like RedX or our Title rep providing good contact info , we recently engaged with a co that pulls data for wholesale, as the wholesale crowd seems to be getting through , hopefully that will help for circling prospecting and geo farming; we are starting a circle around our up coming listing, the listing will be priced at $500k and should stay below 600k, it'll be one of if not the least expensive livable detached home near civilization in the county by a big margin ,that should generate some activity; fingers crossed

Good Luck, lending private money can be pretty convoluted and expensive, feel free to reach out to me directly too if you think I can help.