It's great to network with people who are already operating in the 5+ Unit space, having said that I live and invest in your market, and would love to connect with you as well and help out anyway I can.We will be posting our event soon, to stay in the loop feel free to join my e-mail list here to get first updates on all future events: http://eepurl.com/hLdwBz

I'll be living in the owner-occupied unit that's in excellent shape, and I inherited some great tenants who have been there long term, pay fair rents, and are completely content in their unit that will eventually need some updating whenever they do move out.

Over the last 5 years, we've updated the bathrooms, kitchen, new shingles, replaces all inside doors, ran a gas line to the stove, replaces facia and other details costing us approximately $25,000.

Something that just needs updating and such to bring the life back into the property.

During that time, you can update your lease template : ) 

There are also a lot of late Work Orders, generally property managers update Resman regularly or is it rather a secondary software that not all features are used?

On 20% down, I think that leaves $500-$600 cash flow on a nice updated pool home in California.Someone offered me $500K for the house..

I myself would also love to invest in Maryville and areas near in the near future, but I am currently focused on Midwest (Kansas City) as I live here.Good luck on your journey, and keep us updated!!

When it comes to prepping a home for renters, versus a "forever-home", do you consider the quality of material when making cosmetic updates?

A non furnished 12 month lease for an updated 1/1 in the area is running $1,400-$1,600 per month, and a furnished unit can push upwards of $2,000 per month.