Thank you so much for your insights, I already have a company in mind but if things go south you may hear from me sooner than not.  

It creates far more visibility into the company's operations, their investment decisions, etc.And lastly, you get to the overall ability of the sponsors.  

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

I am a current Senior at Catholic University of America playing Baseball and finishing up ny accounting degree.

Otherwise, they have to eat the extra expense just like homeowners do.I would talk to an attorney and your insurance company.

Do people take those credentials home with them and continue using your account. 

With so many investors on this forum, are there any good PM companies that anyone can vouch for in Cleveland?   

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

You can create an account and look around for free so you can see if it will work for you. 

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment