Not sure we are still on topic with Duncan's thread here, but we didn't use automated underwriting and thankful we didn't.

That is why the blunt instrument approach of the 50% rule of thumb is inaccurate, overused, and misleading to many.

That is why I LOVE the forums and blogs about automating/standardizing processes.2) Just because people know what to do or learned at one point what to do, it DOES NOT mean that they actually follow through.

Rehab being something I do for experience and relatively safe gains... but more long term investing projects will come with experience and more capital to eventually be able to passively receive income whilst being automated.

That loan is not performing, this means there will be capital demands on the investor in order to maintain their interests through the security instrument.

I suspect based on the neighborhood, maybe the lawns just go unwatered, and the tenants must use an automated car wash, or one of those places where you feed in quarters to get soap an water.

If you do a search on the internet you key in "batch image watermarking + (your preferred editing software)" you will find a way to automate the process of resizing and watermarking your photos.

I'm a fairly finicky investor as I'm a big believer in lifestyle design and business automation (ask Frank ^^^).

Well after signing and re-signing an 106 page contract, plus some backup paperwork, we're waiting for counter-signed docs and to open escrow.The system is super confusing as they have automated emails that go out indicating your paperwork is incomplete, even if that is not the case....but hopefully everything is sorted.It's an adventure for sure, but given the expected value (and more importantly expected rent) I'd be happy to jump through the hoops again and again.Now I suppose the question is when it might be reasonable to have a conversation with the tenant......this will be my first tenant-occupied purchase.

Hey Newbies just wanted to share something that has really helped me and really was instrumental to me finally getting my first deal, rehabbing, and getting tenants in the property.