As we continue to grow doors, we're exploring the idea of purchasing renters insurance for our tenants and extending the cost to the tenant for a monthly fee.

You need to make sure these people are paying on time if not charging them fees, and getting them back on track.

What are fees and steps?

MY LTR's are mid-tier for their market and have minimal cash flow at the moment so it all gets eaten up by  repairs and manager fee, my goal with these is mainly long-term appreciation and eventual cashflow as rents rise. 

Hello BP,My parents recently inherited a timeshare that carries with it some formidable annual maintenance fees.

What if we charge a consultant or marketing instead of finders fee?

When we last spoke he mentioned he had covid and his phone has been shut off, but he was planning to be at the house the next weekend with rent and all the late fees ready to go.

Even late fees.

Yes, most of the reputable lenders have a min loan amount of 65k - 75k with a minimum of 40k - 50k of that amount going toward the purchase.I've been down this road before with a few investors who want to buy cheaper homes and what I can tell you is that - 1) It's not easy and 2) You WILL NOT like the rates, fees, and points.Think about it, what does a lender stand to make on an interest only loan for about 40k. 

There are AC service company offer a reasonable fee for a annual plan where they come to change the filter twice a year.