In the meantime, the situation is extremely frustrating for many LPs who, like yourself, seem to be losing a lot of money, while supporting the apparently lavish instagram lifestyles flaunted by many sponsors who brag about how their time is worth a bajillion dollars an hour and fly private to exotic locations.

Extremely helpful thanks everyone! 

Its location at the end of the metro line makes it extremely accessible, and I wouldn't be surprised if down the line there are future expansion plans that direction.

This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Congrats on your success, that's absolutely amazing and extremely unique, especially spending college nights working on your properties!

I think you'd have an extremely hard time attracting that unless you had a decent sized company with years of experience managing big money.

In terms of the Des Moines market, finding a multifamily in the $100-$150K would be extremely tough.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

I am extremely skeptical of many subject to deals even before we get to the due on sale fears - and the fact that many deals were previously NOT called  for due on sale in prior years is not a reliable predictor for what WILL happen going forward in this space.