Best of luck with your new real estate venture. 203k is a great way to go, very paperwork intensive though.We're investors and property managers in Central Mass as well, so feel free to connect. 

The person that's read the most books and never risked anything to invest might have less cash flow than another that's never read a book or taken a class but keeps learning the "hard way," by taking the risks and adjusting the plan each try.  

My sql database has adjustments for either rehab,replace,additions  per room or item (I update these each year with a contractor in my area).

I know there is the possibility of size variations between manufacturers; are there ways to adjust for minor size differences when setting on a perimeter foundation?

Whether it’s a cosmetic remodeling or a deeper and more intensive renovation, you can turn pennies into dollars with the right updates to your portfolio.Your thoughts?

The final distribution was as follows:Net Proceeds from Sale $314,419 Account Balance Adjustments $18,822 (reserve funds, mortgage reserve, insurance refund, etc.)Total Funds Available for Distribution $333,241 Disposition Fee - .05% of Sale Price $(3,400)Return of Capital $(130,000)Tax and LP Dissolution Reserve $(15,000) (funds set aside to dissolve LP)Subtotal $184,841 Limited Partners Profit - 75% to Capital Contributors $138,630 Managing Partners Profit - 25% to Managing Lessons learned?

How ever, getting started and finding good properties to invest in takes a bit of time, and we may need to adjust our strategy.

I have found that generally people using these apps are higher levels of education and income than Craigslist, so it provides a bit of pre-screening too.I haven't use FB, but have heard the same as others report on this thread, that it is very effective at generating higher numbers of leads.Lastly, if I don't hit my target rental rate within the first 2-4 weeks, I double check the comps on the same apps that i am listed on and usually find that I'm overpriced and adjust accordingly.

If everyone does this then you will essentially be reducing the average market rent to a lower number, then if you adjust your rent to the lower end of that new average you'll be perpetually reducing your rents.

If you find projects with rents far below market and high vacancy, it may be a deeply distressed property and it could wind up being a capital intensive endeavor.