Or maybe by then you will just bypass the STR thing and go a different direction.STRs are a lot of work and not the shiny object they used to be.

The court literally awarded us judgment for a lockout in mid-December but withdrew it after because the unlawful detainees objected, claiming under perjury that they "mailed in a response" the court never actually received.

Because everyone is with shinny object syndrome, or chasing some scheme, gimmick or what not.

Never pay for work that hasn’t been done.3.Verify Work Regularly: Have an objective third party inspect the quality of the work weekly and provide updates.

So, David L, if your objective is a successful exit (or even predictable returns as forecasted - which was my objective), my opinion is stay far away from Open Door Capital.   

Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.

You are dealing with 2 immovable objects in HUD and Chase and you would be better off with a mortgage broker that would have options. 

That doesn't mean they are true, factual or objective. 

If so, that would remove one major and valid objection to letting unsupervised strangers into houses.In my own business, an applicant can apply for an apartment before touring it.

I passed this additional charge onto our borrowers without any objections, making the total doc fee $1000.There are other companies that provide automated loan docs.