I am in process of subdividing the lot currently to build a new SFH for myself and keep the existing home as a rental.

She knows the plan and she is in control.  

If you are planning on buying a turnkey property anyway, I suppose it could provide some insight into the locations they are working in and as I said above, if you did buy a property through them...the academy fee is refunded.Definitely don't take my word for it but it's helped me so far. 

A property a long distance away adds significantly to the due diligence process and greatly to risk when bought sight unseen. 

After that I plan to quit my job and become a full time investor flipping properties.

I plan to save the rental income for reserves, screen tenants properly, buy in C+ to B class properties. 

I am in the process of purchasing my first STR.

Many property owners choose to hire management firms to handle the logistics of renting out their properties, especially if they do not live nearby or prefer not to manage the rental process themselves.Here's how it can work:Hire a Property Management Firm: You can contract a reputable property management firm that specializes in managing rental properties.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Hey everyone, if I’m planning on trying to land a pre foreclosure home to wholesale, would I still use the usual 70% rule to calculate my MAO?