I’m a wholesaler In Texas that Is wanting to expand services to out of state wholesale transactions.

What I gather from what you said is that I need to test my own methods.

It makes me nervous with some of these services that rely on the tenant to input the data (which you do not have an opportunity to verify). 

My recomendation is get a full service PM, if you are making this decision, Im not sure what you are paying a PM for, you should be able to find a decent PM in that market for 7-9% and never have to review an application, to me  if you are doing the screening, what are you paying for? 

Do not include the debt service (your mortgage paymet) in this calculation.

I am hoping to find a mentor who Is knowledgeable In rental properties and I will do all I can to provide any service necessary to learn and grow.

You may not personally benefit such as by drawing income from the rental personally, nor may you inject value into the IRA through the provision of goods or services such as performing work on the property.Basically, you get to be a fund manager and deploy your retirement savings into an asset class you know and understand with these vehicles. 

You do not want to be their (test subject) for a trial run.You need to go over what if's and how expensive it would be to foreclose and what the timeline would be to get the property back and costs involved.

As I near my close of service date, I have been preparing as much as I can through books, the bigger pockets website, webinars and real estate podcasts to take on my real estate ambitions the minute I land in the States. 

So the numbers (so far) are:Purchase price: 62kARV: 105,000Buying costs: 961.00Rehab: 7-15kUnsure of what the holding costs will be until its rented but I'm estimating 4 months.Utilities: 650Taxes: 300Insurance: 500Interest: 2400So I'll be in it for about 70% ARV.Projected rent: 12000Costs: prop mgt: 1080Maint: 600Capex: 360Utilities: 0 (tenant pays)Vacancy: 1200Tax: 800 (this will go up in october but maybe only 300)Insurance:  still getting numbers but no more than 1200NOI: 6760Debt service will be accounted for after rehab and when I find a good refi option, but I figure I'll pay about 5.5pct and have lending costs (unsure of what those will be) associated with it.