However, once you have a relationship built up and solid track record with your private lenders, you should be able to also do 2nd (and even 3rd position).

Our PMS tracks all the incoming money in instances where we collect and must remit. 

They don't all offer the same servicers (default management, document services, tracking of taxes and insurance, escrows, etc.), but I am with you that communication and competency are key.

Can anyone recommend some companies with a track record like Praxis?

Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?

As important as due diligence, analysis, knowledge of the property type, track record of the syndicator, correctly predicting economic trends, and timing is, the number 1 way to avoid a devastating loss is NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.  

I hire local professionals for inspections and cleaning, but even then, I’ve run into issues where things were missed because I wasn’t physically there.3.Tools: I use software like Tenant Cloud for rent collection and maintenance tracking, but no tool can replace having someone who can physically check on properties.

Chris, you’re on the right track asking about permit timelines..

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.