For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

And i have seen other do it like i said in San Antonio only to have that operator get in major trouble with the state and the investors get wiped out.. there is more than just YOU buying a home without an investor putting up the dollars to buy it.

Although I am not sure how to enforce this one, there should be active, on-going communication from the the borrower to the lender .... as one would expect from a GP/Operator to the LPs in a private equity syndication. 

I know we operate in totally different economies, "doors" here run about $100k, and far higher for small properties. 

I would love to meet some new members, young or no, whose goals might include a solid cash flow and providing good value to renters who are exploited or poorly treated by unresponsive landlords or large corporate operations.  

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.  

There are "turn key section 8" operators in Alabama that market to do all of the due diligence for you and you never even have to see the properties! 

It also makes it harder for other operators down the road--- not your main concern but we all impact each other.What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out.

So in that same vein does bifurcating assets from operations help?

Similarly, using services like insurance back office support can streamline operations.