I've read a lot of Marco's posts on BiggerPockets about Memphis and other turnkey markets, but seeing him in person was even more impressive.  

That way you can collect more doors.

If that is the case is that a one off or in general is that the impression of NORADA? 

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

My representative was super responsive and I was very impressed.

The best part about it is most of our houses can sleep 10+ and it collects everyone's info, not just the person who books. 

We use Rentec Direct and really love it.It collects our rent, applies late fees, deposits our rents in our bank account, tracks expenses, screens our tenants, markets our properties, generates forms we can send out for docusigning by our tenants, tracks leases, and much more.  

Best way to avoid crap like this is to collect non refundable earnest money. 

Mainly unpaid collections and a few liens.  

Landscaping, lighting, overall appearance can impact the "first impression" of future tenants. - Are their ways to add other income streams to the building such as: washer dryers, parking, storage units, etc... - Also, spend some time before/after to drive by comparable properties in the neighborhood to understand your competition and the rents they are asking.