Every once in a while, we do a virtual call.

These misc expenses add up and it is virtually impossible to know ahead of time what they will be for the following year but i can forecast $3k asset protection, $3k tax man/accountant, $2.5 legal (I have a legal expense for less than annually), $2k bookkeeping, $2k unplanned utilities, etc.  

Virtually all investments have volatility.  

Also baselane seems to be good as well with multiple virtual accounts etc.

Imagine the return on this if I have virtually no money or no money trapped in the property.brrrr you make money on the value add then continue to make money on the cash flow and appreciation that produces magnified return due to minimizing the invested amount.  

@Jim Garrett @Sam Ohanesian @Gerald Thitchener - I host a virtual meetup every week with folks across the country.

I want to be able to pull statements quickly for my LLC that looks similar to the one I get from Buildium for my business that includes my mortgage, insurance, repairs to property (that happen before I hand them off to the PM), rental license fees, general business expenses like for my virtual mailbox & registered agent, etc.

For live learning, keep an eye out for local or virtual REI meetups because they’re great places to build your network and find potential mentors.Are you thinking about buying locally or exploring out of state markets to start?

I am all for finding a motivated seller and getting a good purchase.The reality is most sellers have below market financing and little incentive to accept a noticeably below market offer.Unfortunately, in most markets paying market price with market financing bleeds cash as a traditional LTR. 2 recent studies show that it is cheaper to rent than own in virtually every large city in the UD. 

I question how much underwriting the various posters have done.Your rent points seem to be fairly accurate as virtually all recent comps have the rent between $1144 and $1306.