I want to do this the right way to build a portfolio that produces passive income and a friend told me about Bigger Pockets.

That would, of course, be ideal provided that it still produced cash flow.

I am trying to make the case that looking outside of this complex will produce better cash flows and would allow my brother and I to confidently invest in. 

(Though, I think QB does this too, soMight be a moot point).You can produce and customize invoices from it (manage your accounts receivable), manage payables, upload documents (payable invoices, tenant documents, etc)... it's a great system both to keep you organized and to keep your books in order.Needless to say, I'm a fan.

Being part of the BP and REI community, I feel as if this is not only a great opportunity to produce a secondary source of income and excellent networking possibilities for myself, but also an excellent opportunity for my fellow investors to have a go-to company that understands both sides of the equation.

They don't want to own the property and would probably like to lend money to someone that wants to fix up and manage a non producing asset.We do loans for storage units properties, but not when the properties need significant work. 

@Brian EastmanI'm thinking of a situation where my company (a general contracting and development firm) produces a new construction build (single-family or multi).

I too use a type of Metic model that figures out what an area in a state will be the most inconsiderable rental decrease, letting me know how I can purchase a home today, and by research of that area (as well as other up and downs) can produce 2 yr prediction of what my sell price should be/what rents should be etc....my point is trying to be sophisticated is great but...getting rid of a deal FAST...it's time for a fire sale if u ask me!!

I'm a software engineer from Miami, FL but I am looking forward to start diving into some buy and hold properties and begin producing some passive income for my future.I also enjoy accounting and keeping an eye on my finances. 

I am interested in purchasing a single family home for a buy and hold deal that would produce 8-10% NOI, and 20-30% appreciation after 5 yrs or so.