Whatever you do a mix of different strategies and income streams is always better than trying to make it work with a single tool.

Immediately after getting an LOI or contract i request the following items....Exhibit BInventory of property tools, supplies and personal propertyExhibit CService contracts including trash, laundry, extermination, lawn service, etc.HVAC and/or boiler reportsExhibit D Property management license (if applicable)Certificate of occupancyExhibit E Certificate of insuranceInsurance claims history for the past 2 yearsExhibit F Commission agreements with the leasing staffCurrent property management contractAny other vendor contractsOther Requested Due Diligence DocumentsLast 2 years of financial operating statementsA year-to-date operating statementLast 6 months of bank statementsUtility deposit registerUtility bills for the last 2 years.Property tax bills for the last 2 yearsIRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of IncorporationGood Standing Letter from the Department of RevenueAny licenses in the name of Sathyam EnterprisesRent roll for the property for the last 2 yearsSecurity deposit registerPayroll recordsEach different lease typeWritten property policies such as pets and parkingInformation on all rent concessionsList of any uncompleted maintenance requestsMaintenance and capital improvement history for past 3 yearsLitigation history on the property for the past 5 yearsAny operation manuals for the propertyTitle policySite planArchitectural plansEnvironmental ReportsAny mold inspection reportsAny lead-based paint inspection reportsAny fire system reports or citations

I just need the right tools and especially the knowledge in order to succeed.Being that I am new to REI and know that I will be moving to that area in the near future, I figured I would try to educate myself the best I can so I can hit the ground running once I move.

I like to have as many tools in my arsenal to see what will make it a good deal. 

While setup can be a little tricky if you don’t follow instructions to a tee, once configured it’s literally set it and forget it. https://www.amazon.com/BRAEBUR...In addition, there are smart oil tank tools as well, but that puts you right back in the business of having to install and support “smart” devices, own the network, or get your tenants to agree to put your devices on their network and not decide to change the network name/password at the point they realize you’re using their network to regulate their heating. 

I have been doing this and using it as a communication tool and also to perhaps create goodwill with the tenants.On the other hand, perhaps it is only busy work that isn't providing a benefit for my rental business or the tenant.

With the tech that's out there though, continuing to manage your properties on your own should be doable, and honestly, if you start using the right tools, you should be able to keep your 10% and easily manage your properties on your own. 

This enrollment gives them access to the tools and resources to help them find a property that MEETS OUR CRITERIA.

Once we narrowed it down a little and learned more about the area, we saw that Publix is putting in a massive new grocery store right down the road which confirmed the fact that this town is growing.Another valuable tool that I am working to establish now is building a good personal relationship with an appraiser in areas that you are interested in investing in.

This would be a great addition to an already great tool!