I have also my 9 to 5 and I'm looking to reduce my tax impact.

Hi @Amiris Brown If this is your first purchase i wouldnt recommend starting out with a big project like that...usually it turns out bigger than what you thought... in any case if you really like that property and it has lots of issues i would suggest send the listing agent a backup contract. these usually fall through and you might be bae to pick it up at a lower price. also fnme- homepath stopped negotiating high price reductions about a year ago.. but they usually have an automated system that reduce the price once a month..also something very important to consider- if your'e planing to buy this property and keep it as a rental- because it has lots of mold you have have to get a remediation certificate that the house has been treated and clean. otherwise the tenants can hold you liable and take you to court if they feel the property  still have mold ,that can be very costly... 

You are already saddled and stressed with debt, I don't think you need an additional dose with hard money, unless the deal is one in a life time.

I will do some additional research as well.

You have 60 days to move into the property, then must occupy it for an additional 12 months after you move in before you can move out.

Some relatively simple formulas can make it almost automatic and will suit your needs.If you want to get additional features support, my personal favorite cloud based accounting platform is Xero, but also Quickbooks is extremely popular with lots of customization options.Let me know if you have any other questions.

In addition to all this, networking online and offline is a top priority.

More for me :)-Subject to flips-Subject to cash flowing rental-Pop tops-Additions-Short Sales-Flipping Lease Options-Wrap Around MortgagesI'll just keep doing it all by myself with no competition.Glad I can truly help homeowners and make some money doing it.ADAM ADAMS

In addition to 10% management fee...

To new investors with no management experience, I always suggest to start small enough to do it on your own or to reduce the amount of equity you need to raise.