While a 3.5% return seems low, the buyer profile for this asset was individuals in wealth preservation mode.

I personally have each of my properties setup in their own LLCs (no biz license required where I am at) and then have a personal liability policy to cover myself as an individual in case someone got through the LLC wall.

@Ifeanyi Okoye Welcome to the community, BiggerPockets is a great resource to connect with like minded individuals.

You need to look at each individual property, how old it is, what major repairs have been done and when, and what it will cost to do major repairs. 

The differentiator for individual mortgage lenders is experience, knowledge, resources and tenacity. 

The thing that I've found makes them smoother is allowing each party to close individually and early when possible. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

I am looking at Baselane but unsure if that would work well as a PM versus an individual landlord that owns all of their properties. 

Home State Licensing Requirements: Some states require individuals or entities that buy mortgage notes to be licensed, especially if you are buying them as part of a business or investment strategy.

Those present two very different levels of risk.You should also consider how long ago the offense occurred and what the individual has done since then.