You’re spot on, most investors lose money in BRRRR not on the buy, but in the bookkeeping.

@Daniel M.I only buy on BRRRR or seller finance. 

Does anyone have suggestion on how to streamline due diligence, locate more quality candidate investments, or just operate a healthy investment portfolio for this area of real estate?

It really streamlines the “business” side of landlording, especially if you’re self-managing.Treat it like a business, not a hobby — stay organized, communicate clearly, and set boundaries with tenants.You’ll learn a ton along the way, but with a little structure upfront, it can be a really smooth first experience.

They are a large company that has buying power and a network of contractors realtors and others to do the work. the owner, Zach also here on BiggerPockets and has a stellar reputation for customer serviceFor cons - people will view some companies in a negative light because of this, but the reality is the individual who is thinking negatively is typically inexperienced and doesn't understand the businessbut....this is a reality as someone who has been in this space for almost 30 years.Contractors realtors, and others one day could be an A player and do great work.

You can have tenants pay you directly via ACH and track everything in a simple Google Sheet.For something around 10+ units, you can still manage with a spreadsheet, but I’d recommend adding QuickBooks with the Bill Pay option — it’s budget-friendly and adds a nice layer of functionality.Once you’re managing 20+ units, that’s when I’d start looking into dedicated software like AppFolio, Buildium, or similar tools to streamline things further.If you need help, I can show you the way how we are setup as well, If it help you give a perspective. 

I would recommend buying a house hack.

This is my first multi family/ first property and I plan on buying another property in may. im in a pickle.

@Lars Hartvig KristiansenCongratulations on closing your first two properties in Michigan and assembling a cohesive team, having interconnected professionals can significantly streamline operations, especially for out-of-state investors.Many investors report positive experiences when replicating similar team structures in new markets by leveraging referrals from established networks, such as online forums or local investor associations, to identify reliable agents who can then connect to property managers, lenders, and other specialists.

Probably would have streamlined it into one system.