Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Everywhere I go there's all these experts and gurus selling courses but I just need to find that first deal especially since I don't have much money now and I'm willing to do what needs to be done to find those deals whether it be raw land or actual properties, residential or commercial.

He is also using a HELOC to pay for the turnover costs of losing his long term tenant and making it rent ready.  

Should I deduct the cost from their security deposit or is it considered normal wear and tear?

Hi starting a real estate investing company and looking for the best accounting software to manage financials from expenses; collecting rents; buying and selling, etc.

I've done my fair share of research into good 'rules of thumb', but not any that consider the cost of land in the area.

These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.

I would speak to contractors to understand what this will cost.

It depends on what your contract allows for ... and suing will take time and cost money. 

Size makes a big difference in cost.