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

bank loan, construction loan?

I currently am a realtor in Illinois and I operate my business under a LLC.

SOFTWARES/TOOLS WE USE:Quickbooks (just changed from Stesa) - AccountingGmail / Google Drive - I create an email for the business and use this as a shared drive for all of my rental documentation.

The old saying "Focus on the business and don't be in the business".Find a trustworthy PM (Easier said than done) and let them manage for you."

No offense, but you want to act like a company or business to make money, but you don't want to take responsibility like a company or business.

I've been told by my attorney (i'm a private money lending business owner) that we do not accept payments post maturity unless we do a new written extension or loan modification with agreeable terms.

There were a lot of things I did not know about the business of multifamily, however, the biggest “A ha” lesson I learned was actually about economics.

It's perfect for small business owners to get into a house.The buyer puts down 10% or $38,500 for a two year option.

I would just check with your lender to verify that the property will be eligible for refinancing after the construction loan.