Yes, that's the basic RE deal, however its heavier on the management since you have to develop a community and generate content.

In the county I'm looking into developing it's 1 EDU per mobile home and it was about $1500-2000 per EDU.

Got feeling is that if he were really the hotshot he claims to be he would have developed some better people skills.

My developer partner has direct access to the several bank's Asset Managers & Specialist that deal directly with NPLs (Non Performing Loans/Assets).

while I use a software checklist tied to my PM software now, I used to walk the property with a checklist by room with categories to check (paint, floor, fixtures, blinds, etc.) and camera..  

I've got 17 years experience with software so am very capable and actually really enjoy number crunching & analysis part of this. 

If you are a first-time home buyer, and you are not a high income earner (yet), call the city halls and/ or community development agencies of the cities that interest you and ask if they have any programs available for aspiring home owners.  

We're developing 25 projects locally here in Seattle right now.

The portfolio product will develop and become much more widespread over the coming years.

So no never pay for analysis software or templates.