In my own limited contractor experience, I always figured my time and materials as accurately as possible and then factored a 10% profit margin on top of that.I would think that any software would have to somehow be locally calibrated, because material and labor cost can vary dramatically from region to region.

Thanks, and please humor my limited nderstanind of this process - I'm a tech guy:)

that's understandable - but unless you work 95 hours a week at that "job" you have in the family business - then you're limiting yourself.figure it out.

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This will limit your exposure to vacancy losses, which are the BIGGEST killer when it comes to rentals.

If they request that, you may want to limit your time to 30 days so you can make sure the agent is one you want to continue to work with.

The only limitation that I'm aware of is that if you will rent to section 8 tenants then you have to offer all of your units in a particular building to section 8 tenants.

Your credit score is not the limiting factor, but it sounds like the number of tradelines might be (the depth of your credit history).

there's your liquid cash since you own them all. but also you can take out equity loans from your cars and borrow against them for some cash on hand for the what if's. or you can just go through a bank, there's a million ways to finance a deal. if i were in your position i would be crunchng numbers on homes and if the numbers work then go for it. paralysis by analysis i find is the dumbest thing ever. yes sometimes if you analize something someone else may buy it. but i wouldnt buy anything without feeling completely comfortable with the numbers. remember it's the exit strategy thats most importantl. we all dont want to end up buying a home we cant sell and just that liability our money away. so do your analysis.i dont know how much help what i said is, but dont let anyone tell you that you're going too slow because if anything doesnt make sense then i wouldnt do anything until you feel comfortable with what you're doing.

Our real estate agent has limited experience with REOs, although she is willing to work with us.