Right now a lot of the PMS softwares have a very basic AI but I know many plan to implement a better one soon in the coming year.

Caution: When you can use the depreciation deduction depends basically on how you handle the Section 469 passive loss limitation stuff. 

Now you're basically at break-even or slightly negative depending on vacancy and repairs.The question isn't whether you CAN do it.

Keep up the good work.Most importantly, run a cash flow analysis and understand how to assess the life-left in the property's components (or assess projected CapEx expenses) based upon your findings on any subject property.Outside of operations, running numbers is essential to your success.

I have around $130k in this project so far and am worried that I am going to have to take a huge loss on this project. 

In some cases I may use my own money to fund the entire project or just rehab cost but, I expect to make money on my money regardless. 4) Closing cost (again) when sold.

A lot fewer projects got started the last couple of years, and that’s starting to show up.Jobs still drive housing demand.

Basically, we look at the same things we used to in banking, but we do things that "make sense" and can be more aggressive than we could be in banking.

These positions teach you day-to-day operations such as leasing, tenant communication, rent collection, budgeting basics, and maintenance coordination.To learn for free or low cost:Read state landlord–tenant laws and fair housing rules (important)Follow reputable industry resources like BiggerPockets and property management blogsUse free demos or tutorials from property management software companies to understand systemsLearn basic accounting and record-keepingMost interviewers won’t expect you to know everything at 18.

I have not invested with him so I cannot comment on how his projects have panned out.I recommend asking him for some referrals from investors.