As I have grown to 31 units there are things that I certainly hand over to contractors and I don't do much more than make a quick phone call to deal with the situation.

It would be great to have a calculator that allows an LP to see projected profit over say a 10 year period and adding 1 to 2 more investments per year (and rolling over existing projects) to project passive income over a 10, 15, or 20 year period. 

Well that was quick, thank you!!

@Frank W LentineYou'll need to clear all this with a tax pro...Quick questions: are you a single member of the LLC?

Fortunately it sold quickly and we were looking to put it to use. 

The intent of this method is to use the funds to quickly secure the property and then pay off the HELOC to take an equity position and reduce your overall risk.

I hate to tell you this, but you're doing it wrong.1 - You're tenant/buyer isn't buying the house yet...they're buying a contract (option) that gives them the right to buy the house within a 3 year period. 

Banks have a vested interest in getting lowball appraisals in BRRRR situations, and if appraisers want to keep working for their main clients, those banks, they quickly learn to be well-versed in the art of giving the banks what they want, money-making lowball appraisals that screw you, the investor, and take money out of your pocket.An appraiser is going to come in with a point-and-shoot digital camera, or, in the worst case, use her/his phone.

This may not work as well if you only have a couple of properties with different turnover periods. 

With the other property, my lender never ordered an appraisal and now that closing is happening soon I'm freaking out.Can someone recommend an appraiser in Indianapolis who can quickly turnaround an appraisal report that I can use to make sure I'm not overpaying here?