My company would essentially do everything for the landlord: paperwork, finding the buyer, rigorously vetting the buyer, payment setup, delinquency protection, and anything else that comes with owner financing.

What would the monthly cashflow be if you left the extra $15k in the property?

My current mortgage rate is not super high and I have extra income that I am currently putting toward extra payments.

There was tons of extra paperwork to fill out but my Realtor and Lender made the process easy!

Some of them have the desire & extra cash to fly out to attend the inspection.

It may cost more but the headaches it saves is more than worth the extra cost.

This was not like taking out a regular mortgage, There were all sorts of hoops to jump through and tons of extra paperwork to fill out but my Realtor and Lender made the process easy!

As you earn seniority you picking up extra legs to fly would provide more per hour of your time vs STR.

No problem right.So what do you do when you find out the borrower is in prison and the 17 year old daughter who is a junior in high school is living in the property and she is trying to find a place to live with a friend and needs an extra 3 weeks.

Thus, I advise all my clients to allocate some extra funds towards the month 18 re-amortization because you are not guaranteed to get the full 26% at year one.