Another difference is when a PM quits, typically the stakes are pretty low, you just hire another one.

Typically, they won’t scrutinize properties with applications already on file—it’s more about catching those who haven’t submitted anything at all.You may even find that the certification comes back sooner than the 60-day max.

They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

We typically look for decent properties that are likely at the bottom of some bigger investor's portfolio.

You can file paperwork yourself or as others have stated, hire an attorney.Typically, you'll want to have a notarized affidavit filed or writ of possession issued and signed by a judge.This can vary from jurisdictions so if you are unfamiliar with how to move forward it may be best to consult legal counsel.Legal counsel will typically cost in the low thousands after filing fees, processing fees, attorney fees, court costs, etc.

Typically, unattended to small maintenance items will become bigger issues over time.

Anything over that could mean that the property is overstaffed, or it could mean that management is delivering a very high level of service such as in a luxury property that has a doorman and all sorts of staff that you don't typically see in garden style apartments.

Typically, private lenders pay anywhere from $500 to $2,000 for loan documents, depending on the complexity of the deal and the attorney’s rates.

The suburbs in Philadelphia also great investments but typically the price points are a bit higher. 

A lender or appraiser will typically use the most recent MLS comps (for updated properties) in the area to determine ARV.