My biggest obstacle right now is figuring out how to arrange the contract agreements.

IF you have a class A property you will be renting to singles, young professionals etcYou will probably have more tenant turnover, but there are a LOT of young millennials looking for urban living in places like Lower GReenville, or Uptown or Knox Henderson etc.I think your biggest considerations are property taxes, rental regulations and do the numbers work. 

biggest issue is when extra money to principal is given during payments and my current calculator isn't easy to use.

All of those reports will need to be ordered by the lender, so as not to create a conflict of interest.In terms of the contracts, unlike for the single family residential there is no set contract, however, there is significant paperwork requirement and various HUD applicable forms that need to be executed.The biggest pitfall is that an FHA transaction takes longer to close than a Portfolio, Fannie Mae or a Freddie deals, since due diligence is much more extensive in regards to you and the property.

Hey guys, Through my research, I see that Appfolio, Propertyware, and Buildium are the 3 biggest landlord property management softwares.

You made the biggest step and that's actually buying your first rental.

These two will be our biggest rehabs.

I am not sure if there is any more downside to any of the items you already listed.

Very often the biggest reason people upgrade electrical is to increase service size.

I don't really care about being the biggest.