It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Also check for complaints against the lender.Also get a detailed statement from the lender of all closing costs, fees, charges, etc., etc., well before closing.

that’s a good point, so I guess that would only be applicable after the eviction notice has been sent and all of the legal stuff is out-of-the-way?

What’s the application fee?

However, if you go this route, be aware that lenders may require personal guarantees or charge higher interest rates.

Filing is free of charge and part of the Fed’s idea of an easy form to complete.

Professional tenants target mom and pop landlords with poor screening processes...rather than large class A and B properties with professional screening processes that disqualify most problem applicants...and lots of neighbors who actually pay their bills.  

If the house is nice, it will attract applications. 

If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense. 

(Source: Gordon James Realty https://www.gordonjamesrealty.com/resources/knowledge-hub/be...)2.Tax Benefits: Leasing to your LLC allows you to charge rent, creating deductible business expenses.