Sounds like someone is possibly trying to churn some money .

They don't want to be in the business of rehab lending nor in getting stuck with a house that is not salable.Then what you can do is after you get the loan with them, refi it again in another year into a conventional mortgage as a rate/term refi and you can get it back in the 30 yr amort and lower rates.The only problem you may risk with moving it over is that the local bank may not like you using them to churn the loans.

You can set it up to remember that all expenses on credit card "A" or bank account "A" are to be associated and tagged with property 1234 and just review them to make sure they are accurate. its a pretty nice time saver, needs only a couple of minutes a month for my 2 properties and then churns out a handy Schedule-E sheet for me at the end of the year for me to provide to my CPA.

They will just churn another franchisee in their and make a franchise fee to get going again.

The property management will make or break you on the first day and most will churn you if they can.It all depends on the buy and what you are able to do with it - I have a $150k property in metro Atlanta that net rents at $1,500 a month (we only deal in net numbers) but I also have a $75k property (what we have in it with purchase & repairs) that net rents for $2,000 and will sell off for $150k.

For me personally, I've found playing the Cashflow 101 game helps to churn the wheels and get my ideas in motion.

Now these guys are effectively churning and burning.

I just discovered BP about a week ago, and I have been churning through the podcasts which I have enjoyed.

The annual premium is $715.I call this churn and burn!  

I'm just cognizant that there are significant transaction costs involved in real estate, which sometimes means I can't just keep churning to optimize the #'s but may have to do the best with what I already have?