Partnering with Dale Oglesby provided valuable local insights, enhancing the deal's appeal for Partner Driven.

The relationships to bring the product to market or to a distributor.

There were also pre-payment penalties that were associated with that loan product.

I'm glad you two were able to connect.Although we have a pool of conventional and portfolio lenders, the challenge today is there are not a lot of "stated income" loan products.  

That might be a more accurate reflection of reality as well as enhance your returns. - Homeowner's insurance looks about right to me, but you can always get a quote to confirm. 

By providing this a quality product with managed expectations and professional management oversite, this property continues to cash flow well and consistently.

There are way to many PM's not getting properties rented and they are staying vacant, there is also way to many rentals being rented less than market rent to get a "quick tenant" causing investors to lose money, you will also need that PM to be completely productive and quick to the applicants and also not trying to incentivize off of your property needing repairs.

@Shane BoyleFHA is a great product for a low down payment, but costly over time due to the mortgage insurance staying on for the life of the loan, with the low down payment.

Depending on creditworthiness rates and fees are pretty in line with other loan products. 

That is due to complexity of newer systems introduced by efficiency and safety enhancements.