It could be worth checking out other custodians, not just the ones with checkbook ability, because you may find that they offer the quick turn around and funding times you are looking to achieve with that checkbook ability.

This stability can significantly enhance the quality of life for tenants, offering a sense of peace and financial predictability.However, as a landlord, this 5% cap limits my ability to adjust rents based on market conditions and rising costs, thereby reducing profitability.

For a long term real estate investor, or one who hopes to be in it long term, a great lender relationship may be VITAL to your survival during hard times and your ability to take advantage of wealth building opportunities during good times.  

If you took a poll of all the most successful real estate investors in the world, they would have the ability to stay emotionally neutral in real estate dealings.

In order for our investors to be successful we must line up good opportunities, but those opportunities are only as good as the investors' ability to execute on them.

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

The deal exemplified our ability to identify opportunities, execute efficient renovations, and achieve impressive returns.

Lets face it, the real risk is the principle anyways so protecting that is most important.I also have no early payment penalties and often, the ability for the investor to roll into the next deal allowing their capital to be constantly working for them.All loan docs should include the interest rates, loan terms, and payment schedules. 

You should never take a dollar from an investor unless you are 100% confident in your numbers and your ability to execute.

This showed me their confidence in their abilities and really respect them for putting their own capital to see it through.