I recommend setting up a digital filing system to track all expenses, income, and important documents.Effective communication is fundamental.

Couple hundred bucks a door monthly cash flow, double digit ROI, and yes the prices appreciate and you build equity.

I would NOT buy a property in all cash, your ROI would likely be way too low and you are limiting yourself from total appreciation gains.With some specific syndication asset classes, like the one I prefer and invest in and, full disclosure, I am a deal sponsor of these opportunities, RV Campground Resorts can get you double digit cash on cash, averaging 12-15% cash on cash over a 5 year hold period where you can also gain appreciation so that over about 5 years between both cash flow and equity you can potentially triple your investment.

AVM is a digital computer valuation, (not a one with a person who measures/ analyzes the houses) max I can get with a random house I inputted in Selma that has 2554 feet was $435000 just now.

@Nadine O.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

Your Porter for messaging /income reports.Pricelabs for a pricing tool, hostfully for digital guidebook.Originally posted by @Jenna Skryantz:@Gerald PittsHi Gerald,Which software do you use to help you self-manage your STR properties?

What stops a hacker from going in and wiping out everything digitally and then we are left with nothing.

Each set of tenants picks a 4 digit code and that's what they use.

In talking with new investors who have used hard money financing, I've seen terms like double-digit interest rates, origination points, application fees of hundreds of dollars, and pre-payment penalties.

Go line by line with a lawyer and you're spending close to 4 to 5 digits upfront.