Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

Using the same argument that he did about better to have you as a collaborated, if he wants to build a multifamily, there will likely require a zoning application and it would be better to have your support.

The self sufficiency test is only applicable for 3-4 unit properties.

Im based in the Bay Area, CA and work as a Software Engineer for a Self Driving company called Nuro (check out our on-road delivery bot, it’s pretty cool)I’ve been getting educated over the last few weeks on the podcast and the forums, and over the next 90 days I plan to acquire my first property to flip with some of my closest friends.

I understand you need a Property Management Software (PMS) that can link to your direct booking website and some kind of payment processor.

To make that data more applicable, consider a Metrostudy completed by the Austin Business Journal.  

.· Cheap software if any.

They use TransUnion credit reports (like Cozy previously) and it costs the applicant $29 plus tax.

@Toni PeayI would be sharing my software accounts yes.

Hello everybody,I'm a software engineer with some extra time and money and I recently decided to get myself into the real estate world.