What I like about the BP calculator is that you can easily adjust the number to see where the variables need to be to break even. 

My best advice is to work with someone who also invests and can easily plug you in with their network of GCs, PMs, and lenders.

Easily the difference between getting referrals for new clients and getting unfavorable reviews.I also do respectfully disagree with the idea which many here echo'd that there's 0 benefit to a PM when owners property appreciates....when properties are worth more they rent for more, and PM's will earn higher mgmt fees and higher placement fees all while providing the same exact service. 

However, having an organized set of books in QuickBooks will allow you to more easily answer questions outside of your day-to-day operations, like "how much will I owe in taxes this year?"

Out of state investing is great, however everyone out of state is incentivized to take money from you hence if you are not experienced or know what you are doing, people can easily take advantage of you.

Hey @Matthew Samson, regarding "figuring out the financials" for 0-5 small properties, you can do this easily yourself just using excel or another free method.

Also if you correctly read the laws in most of the states in the US and the federal statutes, creating systems as the one you are promoting would land you in the hot seat.

We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing single or multi-family house that can be improved or easily split into smaller units, and then we also add small new construction units to the property (townhomes or duplexes or cottages) and, generally, we rent them all out (though we have sold a couple of single family rehabs and we may sell the units in our next big project...

With OOS investing, make sure to work with someone who has your best interests at heart and can easily plug you in with their network of lenders, PMs, and GCs to be able to build your core team.

I get easily 3 calls per week from scammers saying I have overdue taxes.... when will it end!