I have been analyzing a lot of deals on the MLS for practice and it has been a good exercise to run the numbers even if the results aren't always as promising as I would like.

JenniferIf doing additional move in costs, rather than collecting 2x the security deposit I would collect last months rent if you aren’t doing so already.

Should I practice evaluating properties, and figuring out cash flows?

I've house hacked before and would be happy to share some "best practices" with you anytime. 

The best practice is to know the formula that Fannie Mae uses in determining rental income.

I'm gonna start analyzing a deal per day (practice) starting Tuesday 

Gray but there is not shortage of "coaches" in this industry so if he can't show you his last 5 closing statements from the last 30 to 60 days, he's not practicing what he preaches. 

Collecting rent:What’s the best route for a person in my circumstances to collect rent?

We pretty much intend to take ownership and begin to collect rents. 

My goal is to have efficient, teachable methods, rent collection, listings, etc, so that when I am ready to hire an employee/employees, they can be trained to run necessary aspects of my business without skipping a beat.Any and all advice is welcome, and I thank you in advance!