This WILL effect your cash flow and can be the difference between victory and defeat, especially early in the renting game. 

I would prefer to pay the lender directly but that defeats the purpose of the wrap mortgage I think.

@Mike HernMy bank is capital one and they the checks to be signed by me before they will deposit them which defeats the whole purpose.

@angelo lencioniSquatters will be an ongoing problem in urban areas due to tenants thinking they are entitled to free housing and squatting when they are evicted.You have to be really on top of this for vacant properties.We give owners options to secure their vacant rentals in urban areas like Detroit:1) Boardup - not very effective2) Remove mechanicals so they can't be stolen and squatters have no heat or water3) DAWGS - metal screens that are very difficult to get throughNone of these are perfect and all have been defeated.

Otherwise, defeats purpose of making it difficult to find owners.2) Operating Agreement must be bullet-proof3) Appear OA will also be a partnership agreement.

Even if the Federal Reserve is as dumb as some people think they are, for rates to come down, they have to self-actualize the (potential, theoretical, future) damage being done to the economy, admit defeat, panic, and rapidly reduce rates.Guys - that is a bad bet in my opinion.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”Theodore RooseveltApril 23, 1910Truer words were never spoken.

You sound exhausted, discouraged, and mentally defeated.

And if you determine it based on a future value, you defeat the purpose of finding a deal today and may find it challenging dealing with a seller whose circumstances have changed, especially when their property may have doubled in value as market conditions have changed (like the past few years). 

In Narragansett there have been several lawsuits over such ordinances, in some cases they have been defeated.