Using them to pay cash to individual contractors seems to work fine, but it appears you cannot use them for a down payment type transaction anymore.It's a shame, that was a unique way to get some quick short-term cash for deals.Good luck on your deal.

I learned about the free tools - Zillow, Trulia, Bing Maps, Netronline - how to check title, get BPOs, where to look for bank contacts and sources, how to evaluate the property and develop a bid based upon my initial selected exit and to view REAL deals in progress and watch the results, good or bad.

@Chano SocarrasIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Hello Everyone,In the next few months, I'll be in a unique position where I can potentially pay off my house.

Hello, I’m sure I do not have a unique situation but it is the first time for me.

This would be minimum as that market is uber competitive and we suggest you go super unique!

Is there any unique features of it that help with overall operations?

Do you know how I would go about selecting a new vent if I wanted to do this myself?

A good deal could be that the upcoming vacancy presents the owner a unique opportunity to reposition and add value the property (basically finding a tenant that pays higher rent and therefore raise the NOI). 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!