Very easy to get started and set up; also user friendly for tenants to apply and send rent payments. 

The last piece I don't hear much about but came to realize is in the last R, you have to schedule/plan for a second down payment and processing fees into the new mortgage for the refinance?

The lease is in full force, and payment is expected, unless she vacates within 30 days.Two scenarios will happen. 

Once I was debt free, I had about 2 years before my first operational assignment, so I saved for a down payment on my first house, which I’ve always intended to make a rental when I PCS.

If so, begin working with local banks to determine who best to refi- cash out on your current property to fund the down payment and rehab of your next property.

These include mortgage payments, taxes, insurance, utilities, and HOA fees, etc. that occurs during the Rehab period and up until the property is fully rented.Are you sure you can get the property Refinance in only 2 months after purchase?  

The rates went up big time yesterday btw Once you figure out monthly mortgage payment, property tax and insurance and the total is substantial lower than the market rent then it’s worth looking into.

Of course, then you won't have anything leftover to cover any damages, which is why most leases prohibit tenants from using it as payment for the last month's rent.

I have a client that is interested in purchasing a large estate to use as an assisted living facility, but they aren't currently able to swing the down payment.

As far as her grandpa and dad go I'm planning to have them help me with my down payment and then add value, and refi out.