Since late fees are a key method for training tenants (endorsed by Brandon and Heather in their great book on managing rental properties)--how do you incentivize tenants without the ability to use a late fee?

I'm going to take on this fourplex after I conduct the inspection, the only thing that worries me is that the property was built in 1964 but it has been rehabbed recently.Please understand that my statement was not a ringing endorsement of each and every Low CAP rate 4-plex, and as a matter of fact, strictly speaking, CAP rate should not apply to 4-plexes which are considered residential property and therefore trade based on comparable sales.

Similarly, there are title companies here in New York which can run searches and insure for properties in all 50 states and provide the lender with whatever policy endorsements are required. 

I will do some more research, hard to separate the endorsed reviews vs. real talk.

I used realestateu.tv (I am guessing they are still around)DISCLAIMER: This is not an endorsement and I have no affiliation with them, and I get no benefit out of mentioning them, I just know they are one of the many that have a NYS approved course ready to go.

You can not obtain a lender's license and then a servicing endorsement unless you or someone within the company qualifies as the principal loan broker.  

@Jason Bott may know Of a company that has an endorsement to cover it. 

I have not used hard money, and I'm not endorsing them and would advise as with everything that you do your own due diligence before using them.  

Have the Sch-E endorsed "Under penalty of perjury, I certify the above is true and factual".Just like having an RE Agent with dual representation is a bad idea, using the same PM is a problem especially when you now know they have been fraudulent with you in the purchase,

The way these forms and coverages differ is through endorsement to them.