I get a lot of calls after an unexperienced loan officer drops the ball and a customer finds out their loan dies due to lack of communication up front on the application.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Let’s dive into it.Potential consequences of working with an unqualified firm:Missed opportunities: Firms that are inexperienced may overlook numerous components that are eligible to be reclassified as they lack the knowledge or don’t perform a thorough analysis.This reduces the amount of potential deductions which also reduces your potential tax savings!

Disclosure is your friend and shield, at least where the agency/seller relationship is concerned part of your question. 

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

Lack of integrity !!

Dee - As a newer investor, some of the options using "Agency Debt" (aka Fannie and Freddie financing) may not be available to you as they require 2+ years experience in multifamily space.

Networking becomes particularly vital when investing in areas where you lack expertise.

If I have a beach house that is booked heavily in the summer but not in the winter, I could have a house in the mountains that would still be booked in the winter to offset the lack of income from the beach houseCons- Harder to manage from far away- Would need to stay familiar with laws in each areaAny thoughts?