I have completed my first spec home sale, and it went extremely well.

What are effective ways to offer mentorship and coaching to new agents?

Depends on the market but if you are trying to market to vacationers or move upscale, then I think you need to offer a pool.

Private institutional lenders actually offer 30-year fixed loans underwritten to the income of the property.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

But it's been extremely lucrative.Regarding Section 8, there are pros and cons.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

They argue that their renovation is top notch, so the price is justified, which may or may not be true, but but generally the high quality of the renovation does not pay sufficient dividends in the form of increased rent, so the price to rent ratio just isn't there.They typically advertise a 9% to 13% cash on cash return, but be careful, this is their "first year projection" and in their first year they do some things that I find a it deceptive, such as not accounting for vacancy because they place a tenant prior to closing, and they budget essentially nothing for repairs or cap ex since it is renovated and they offer a warranty. 

Situated on 5 acres in Linden, MI, the property offered a single-family home with a pole barn, promising versatility and market appeal.

Situated on 5 acres in Linden, MI, the property offered a single-family home with a pole barn, promising versatility and market appeal.