Perhaps they can find another deal just like this one and I can be on the short list to buy.Once you know how the system works, you can work the system.Good job!

With this, I could invest in the business and marketing versus investing in the actual property and possibly build up a quicker cash flow.Thanks

I'm curious to hear other's systems for marketing plans.I'm playing around with the idea of having a variable system based on quarter.I.E.

When we pay a sub we assign the invoice to an address. etc.with quickbooks, we get a p&L for each address worked on. we also get a p&L for each rental property. by using QB we track everything by category and by property.if you are asking now it is probably too late. if you don't have an accounting system already set up, why do you need one now. just keep track of whatever you can and keep moving forward.

If you are paying utilities that can be $100+ a month per unit easy and can kill your cash flowFor capex you should keep track of all major systems and appliances and when you will need to replace and work backwards from there for capex

I just replied to your PM with my thoughts on the Spanish market (where I live) versus the Florida market (where I invest).

My local market is limited and has weird economic dynamics that make me think about investing remotely every day.While "YES" remote investing is certainly possible, I see that the only way to be successful is to have robust and redundant systems in place in your remote market. 

Also for the most part $50k neighborhoods are not the greatest, calling them C neighborhoods is a big stretch and that is why the grading system is subjective to personal opinion. 

Lender I work closely with has his process and systems down and is still able to close in 25-30 days max.

Interested in building a Real Estate business.Initially working in the Cape Coral area of Florida.Looking at starting with "Joe Crumps push button system" as a CRM.Welcome all advice as a newbie.