I’m a wholesaler In Texas that Is wanting to expand services to out of state wholesale transactions.

It makes me nervous with some of these services that rely on the tenant to input the data (which you do not have an opportunity to verify). 

My recomendation is get a full service PM, if you are making this decision, Im not sure what you are paying a PM for, you should be able to find a decent PM in that market for 7-9% and never have to review an application, to me  if you are doing the screening, what are you paying for? 

I believe heavily in the principle of hard work for those things that take longer to achieve typically reap the greatest reward. 

Do not include the debt service (your mortgage paymet) in this calculation.

Otherwise, I am not sure what it would achieve.

To allow her to qualify for a mortgage, to afford to pay, and to achieve relative independence.This purchase has always been about helping her.Larry

I am hoping to find a mentor who Is knowledgeable In rental properties and I will do all I can to provide any service necessary to learn and grow.

So if your 2% CoC investment also throws out 20% IRR (i.e. because of potentially insane appreciation), then it's obviously an excellent investment, but this is rarely achievable unless you invest in west or east coast and have a good crystal ball.Oh by the way, you can do all the above analysis without using "cap rate".

You may not personally benefit such as by drawing income from the rental personally, nor may you inject value into the IRA through the provision of goods or services such as performing work on the property.Basically, you get to be a fund manager and deploy your retirement savings into an asset class you know and understand with these vehicles.