WE use shared google docs for all correspondence. 

If the price reduction doesn't correspond with what's occurring in the market, the property will sit on the market. 

The corresponding downside is that you can't publicly advertise and must have a pre-existing substantive relationship with investors. 

Your facts do not correspond to your conclusions.The fact that you are door knocking ha snothing to do with  the fact rthey are motivated to sell.

@Nick Littleton personally, I have not encountered this issue (I've done numerous owner occupant mortgages, refis, and HELOCs, and no lender has ever asked me about my property management experience, or whether I'm using a PM, or anything about how the property is managed...other than asking to see signed leases that correspond with the rent income I reported on my taxes), so I was surprised by what you described......I'm interested to hear from the lending pros on here: is property management or property management experience a commonly used criterion for loan qualification? 

That's awesome, a 24-unit could be a game changer for passive income.I can send you a due diligence checklist our team put together for multifamily and that might be really helpful for you (if anyone else is interested, I am happy to share with anyone who would like to see it).Here are good documents to gather / steps to complete during the due diligence process:- Appraisals- As-built construction documents (see what the build quality is and set up for electrical, HVAC, etc)- Easements- Encumbrances- Environmental reports and related correspondence- Government notices- Leases (with rent roll to verify)- Photographs - insist on looking at EVERY unit, otherwise you'll only see the ones the seller wants you to see- Previous site plans- Property surveys- Recent tax bills (can call the county to ask for an estimate on tax bills after sale)- Soil reports- Title reports, commitments, and policies- Zoning documents- Any other legal documents of significance that the seller has

In large part because most home loans are fixed, the raising of interest rates has resulted in less properties being listed than a price decline corresponding to the cost increase associated with the new rates. 

I use credit cards to manage which expenses go where but they are all paid in full, every month by the corresponding bank account (personal or business operating accounts).

It's not only getting mail, but being served notice if you are sued or get any legal correspondence. 

Just like that weeks of work and correspondence down the drain, even though most of the recommendations came from the Senior Planner himself.