Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

My question is how do I figure how much to offer him in payments for the time period and would I just offer the balloon at the end of the term?

My agent assured me that she would confirm with the HOA.After an hour, she informed me that the HOA allowed monthly rentals.She also mentioned that the HOA documents would only be provided on the closing day.However, on the closing day, I received a letter from the HOA stating that I could only rent the property twice per year.I agree this has been a very expensive lesson.

Postcards and letters.   

Situation: - 3 years at 6.75% with a balloon at the end.

Owner financed scenario:Here is what I thought off:- pay market price ($920k)- Interest: 2-3% year - Down payment: 0-$30,000 - Paying interest only for the first 15 years- Balloon payment at year 15 (or refinance then)The numbers don’t seem to work either.

I hired a lawyer who sent a letter of demand.

Using seller financing at $450k purchase price, $65k down, 4.9% interest with 5 year balloon.

We always get the title commitment letter to review and send that to our attorney to review.

If you are in the early stages, and you have a loan contingency, you should be able to cancel and get your EMD back with a loan denial letter from your lender.