The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

But from the property management side the application, lease signing, and move-in process is arduous enough as it is. 

Just imagine if you had a property manager charging that much on a 400k house - that would be nearly $350 per month!

I also understand you can charge them a certain amount as a penalty....1 month rent to cover the downtime for finding a new tenant. 

So, now a tenant with SIX children in the home is arrested and charged with 3 counts for rape of a child. 

I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control. 

In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.

While it’s tempting to make exceptions to get someone into a unit, we’ve found that it’s better to hold out for more qualified applicants who are more likely to stay long-term without creating problems down the line.

One was going to charge me $13,000 for the first year (set up fees, monthly fees) to have a Wyoming Trust over a holding company and one LLC per property.

They eventually sent one out who visited the property, told the tenant that she would have to buy a bunch of parts, then charged my tenant $50 for visiting, but never submitted an estimate.