You'll probably be able to get a lower down payment with an HML, but the debt service will be much higher.

There are other free services out there as well.If you only have a couple units and that is all you want and you never plan to hand off property management then you can probably just collect checks and have tenants text you.Personally I don’t like tenants texting me issues, they are too easily missed or forgotten about.

If the internet service goes out during a storm for 3 days will they also realistically expect you to pay them?

Yep - your lender will be using an undisclosed debt notification service until after the loan closes.

The way I see it, it would make more sense to do it in house once I've got a little more money to spend on equipment and the ability to mail to a lot more addresses without missing a ton of calls from motivated sellers.Account Closed Thats low compared to some of the big name services!

He also informed me that they do not have a license to offer the services they claim they do.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

Don't just look at their prices, also look at their services and compare them to the competition. 

However, you can only claim depreciation once the property is "placed in service" (i.e., rented).

Just know what you're buying as there's still a lot of FP panels, 60 amp service, aluminum wiring, asbestos tiles/tape, and plaster & lathe walls.