I use Apartments.com's payment system, or set up an ACH.

I am trying to find a simple, affordable software that will allow me manage our tenants - collect rent via ACH, background/credit check, tenant portal, etc. 

For $10 a month you can manage up to $150 rentals and it's a pretty all-inclusive piece of software that lets you track your properties, your tenants, store documents electronically, except ACH payments, market vacant units, track maintenance, and more. 

What you get:- They'll allow you to set up automatic ACH payments... set and forget. - Their pay history records are unlikely to be questioned by courts, banks, etc. - Tax records are more likely to be handled correctly and on time.- Payoff statements when neededThat said, as a payor, document each canceled check.

You will find all of this easier if you have explored the neighborhoods, you have muscle memory enough to spot a deal when you see it, and you have made some connections with great lenders, contractors, etc. to aid your clients before, during, and after transactions. 

All of my rents are collected via ACH.

One of the commissions has already been sent via ACH transfer to my account from my broker but hasn't delivered yet.

The same lender sent me their terms and the interest rate now jumped to 7.25%..Start rate 6.625%-.125 ACH payment-.375 5y PPP+.25 cash out+.25 2 units+.375% FOREIGN NATIONAL WITHOUT US CREDIT+.25 interest onlyRate 7.25% 30 yr fix ( interest only for 5 years)Rate 7.125% 5 yr fix interest only for 5 yrs.Is the new quoted interest rate (7.25%) ballpark for a forgein investor for a 70% LTV cash out product? 

I then transfer my funds from my current bank using ACH or whatever online transfer methods they allow.

One of the reasons for the bank statement requirements is so the lender can set up an ACH for payments.