If you have performed rehab, my favorite programs offer both no seasoning and 90-day seasoning requirements to use the appraised value as the basis for your loan.

My background is in analytics and have worn a couple of different hats in the space - sales compensation, business performance / reporting, COGS management, and opportunity / risk evaluation and implementation.Real estate investing is the first topic in a long time - maybe ever - in which I've been truly interested in learning more.

@Rhyna Orillaneda Arizona has performed very well overall.

This can all be a non issue with SFR.That said, we do manage quite a few condos and they can certainly perform. 

They have a MAJOR conflict of interest - they don't get paid until they place a tenant, yet they have ZERO liability for the performance of that tenant.If you hire an agent, you better make sure you retain control over screening & approval.

Don't they report on their historical returns and then say that past performance doesn't guarantee future yada yada yada? 

@Darrell Kirby, the typical sales contract in my state would provide for 2 basic possibilities if a buyer didn't perform according to the contract. 1.

I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

The average person should be able to read a law/code/statute and understand what actions are illegal for him/her to perform.