For instance, if hail damages your roof, you’d receive payment based on the roof’s current value, considering its age.Replacement Cost: Covers the full cost of a new item.

Google Sheets or any kind of spreadsheet will work just fine.

Due diligence on the borrower should include a review of the borrower's previous communication patterns with previous lenders.I personally live this one with one of my borrowers, who basically ghosted me once they received the moneys from the loan.

So I'm absolutely fine with them going elsewhere.

Using one to go under contract is fine but using (networking) one to find a foreclosure?

As a real estate agent working in the investment space, I’m always looking to fine-tune my approach and discover new ways to find potential deals, whether it's off-market properties, distressed assets, or any other lead sources.Some questions I’m thinking about:What CRM tools have you found the most helpful?

If rent is not received by the fifth of the month, a $100 late fee is imposed. 

I tried giving someone a referral code once, and my post was removed because I’m not a “Pro” member, so not allowed to receive any compensation here. 

I was prepaid 1st 6 months of interest. 8 months have passed and no additional payments have been received.

If the borrower lies about that to get an investment property loan by claiming it's for a primary residence when it's not, then that's straight up mortgage fraud, which is a felony punishable by a fine up to $1m and 30 years in prison.