I took the following year to save money, learn about real estate investing, and start my own LLC. 

There are very strict rules for property management which obviously your broker did not follow.

In addition to the practical aspects of following a properties profitability, if a property sells, all expenses are tied to the saleable unit and the basis is quickly and accurately available.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Dear my connections and other friends in the same industry, As a newbie in the industry, I would like to have following information.

Although that product is great for follow up and wholesaling, we are looking for a workspace designed to also manage rehab projects and rentals, as well as a better place to keep track of our private lenders/coaching clients/agents etc. 

Thats awesome man, I hope to follow your footsteps!

I've lurked, followed and searched for the answers to my questions because it's my responsibility to do so before asking the board, right?

Would like to follow this post for any advice as well.

After going back and forth with Quicken Loans for "delayed financing" I just got a call from the agent and he offered me the following for my SFH which is registered under an LLC.15 year loan$138,700 is the loan.$6,700 closing costs (which is factored into the loan) for a total of $145,400.Interest on the loan is %4.875Upfront costs are only $500 appraisal fee.$3,000 in escrow for taxes and home insurance.Monthly payment will be $1,375 which includes taxes and insurance figured in.The monthly rent is $1,650 so that will leave me a cash flow of $275.To remind everybody this is a SFH that I purchased 2 months ago and should be appraised at around $210,000.