This would be a PITA for your guests.Then you also have to buy the encoder, software and keycards.

My day job is in Software Application Development.My real estate background is very slim, as I only own one home - my primary residence.

They have automated tools for the real estate investor, and can save you hundreds of hours of searching.

The software vendor for our MLS system is Rapattoni , and I haven’t even been to the training class, just test driving at this point.My initial focus was to identify good flipping neighborhoods by looking for aggregations of MLS “consumer” sales/listings/pendings (not lender or short sales) in the past 9 mths throughout my broad target areas, in the exit price range I wanted to focus on initially (100-150K).

For those that have replied they are doing multiple rehabs at a time, is there any particular software or computer program you use to keep track of all your properties and rehab status?

This is because conventional underwriters like to just drop your tax return data into their automated underwriting system to get a pass/fail.

If you are not using some sort of bookkeeping software, then you should get each property its own bank account, so that expenses and income for each are trackable within that single bank account for any single property.With bookkeeping software, the software allows for other methods to track, so not as necessary there.

You can automate the monthly request for money, which is an easy way to get that reminder out on the 31st.

(Nolo is the brand name, easy to find on Google) They have several books on LLCs including Software to create an LLC Opperating agreement.

If they ask questions, document it and save it in a FAQ in case you lose a worker and need to hire another.Or, you can go to odesk and get someone to build you some software that can automate all that for you.