All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner. 

-Most importantly, this are unsecured investments.

Property taxes are important, sure, but they shouldn't be the make-or-break factor that kills a potentially great deal.

Quote from @William Causey: When choosing a private money lender, how do you weigh the importance of flexible loan terms versus fast closings?

Hi @Sam Mishra what's more important for you, affordability or Jersey City  area?   

I love nitpicky, it's important!  

Like Devin said, its going to likely require some seasoning etc but if possible to do something quicker important that there is some documentation for a lender that the property was truly bought "below market" to justify the value jump

The important part is operating it properly. 

Most importantly, harvesting losses is only possible if you reinvest in a similar but not the same exact investment.

Time in the market is very important to long-term rentals and if you can learn to buy one good deal per year and become well-versed in Section 8 you will succeed.I like the model of starting with self-management.