A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

Is 1.3 usually what you see with those smaller private sized projects?

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

There won't be a test or screening to determine your qualifications.

I have no need for the rent collection or tenant screening as this is a function my property manager does for me.

These were custom homes & when the subdivision grading was done we did not know the size of the homes nor their driveway locations.

Quote from @Stephanie Cruz: You do not need to send them anything for a verbal pre-screening.

Did you find a good credit screening agency?

@Emory Clayton what other potential renters do you have and what size is the house.