I am going to self manage & I have a couple other quick questions :I would like to set up for my tenants to only be able to pay their rent online, which website do you recommend for easy of use, efficiency for tax reporting & is the best for the cost of use?

@Kenneth Garrett My understanding is you'd have to subject yourself to the laws as a reseller of energy like the companies that constantly call and knock on our doors claiming to be sent by ComEd to lower our bills.

Transaction coordinator.. if your highly efficient this is an excellent position for west coast folks my wife pays 400.00 a file to her transaction coordinator and will do 30 deals a year.. so that's 12k from ONE realtor most coordinators once they get a rep will have 10 to 20 agents.. easy to make 100k or better your not going to do that wholesaling on the west coast starting out.3.

This is more efficient than individual LLCs for every property but still isolates liability.

Your energy is always best spent in the present and planning for the future.

Yesterday while at a local REI group meet up, one of the guys was talking about finding The Syracuse Landlord Property Improvement Loan Program.

@Eric O'neil Build a team around you that can bring in disciplines that you're not efficient at- do you need a RE Agent, Contractor, Closing Company, Partner with Money?

Use lead certified contractors if doing any work/repairs/improvements. 

Sell "as is" and they can make any improvements they want.Or, you can sell on a lease option same terms but with a 3 year option agreement.Or. you can rent the units out if zoning doesn't allow selling each side.

-If your credit is too low, banks won't generally lend to you, so you'll want to figure this out and improve your credit if need be.