I would get with a broker because each wholesale lender has very specific guidelines regarding seasoning, cash out, first time investor ltv, prepayment penalties, asset verification and rate buy downs.Stephanie

Basically, no matter what software or tools you use to analyze rentals, you want to practice with them until you feel very comfortable on how the process works.Another note, is that what I often see is not so much as mistakes in the calculations (if you use a tool/spreadsheet, the likelihood of this is small), but incorrect "inputs" into the calculators.

This is your total basis that you will split between land and building and possibly other asset classes if you were to do a cost segregation.  

In general good candidates will have the following: 5 or more years residential construction experience their own subcontractors already in place, so they must be within about 25 mikes of the assigned zip code their ability to estimate a job is essential so they will have to have direct experience doing so as well as solid knowledge in estimation software they should know excel and other basic computer skills, its definitely preferred but if not we can get them an online courseThank you

I have heard that some people establish a separate LLC to manage the asset that is in another LLC they own.

And if you really want to do it right you have to put each one in an individual LLC, as the whole point is to build firewalls between your assets.

Assume you can turn your $110K asset after selling costs into 3 Memphis units that each cash flow $200/month after realistic PM, cap ex/maintenance estimate, and vacancy estimate (a bigger challenge than it may seem because maintenance and cap expense do not vary that significantly base on the rent as much as the unit profile (number of bathrooms, square footage, etc.); cheaper rents have a higher percentage of the rent needed for cap ex/maintenance. 

A good broker should be able to guide you in your investment decisions in terms of giving you insights about different markets and asset classes, current trends in those markets, any other specialized info and statistics that they have access to and that is not publicly available.

The good part of software is that it is efficient but not it is no human.

A regional bank is one that has around 10-billion in assets.