I am holding my breath to see what happens in the world of gambling as the industry has taken a huge hit in the pocket book with the combination of the pandemic lock down and the recently now permissible sports betting.

Probably most of us got started that way - taking a massive gamble. 

My point is this, unless you do SERIOUSLY BULK mailing, it is like gambling... and... the house always wins.. and thus you lose.So in other words, the only people winning doing DMM are the DMM companies.

If you are purchasing to sell for appreciation in years, that could be a route to pursue, but is really a gamble.

So unless you want to gamble (and some people intentionally do), you generally want to run a title search and figure out what issues you may need to deal with.You could sell the property to another buyer right after the sale.

Regardless of what many on the BP forums will tell you, you cannot transfer the property from your own names into an LLC if you have mortgage financing.That is called a fraudulent conveyance under the terms of your mortgage loan, and if you ever get taken to court by your lender you can be charged with attempted mortgage fraud.

If there is a mortgage or any liens on the house then you will be the new owner of those liens and the lender on the mortgage will have the right to foreclose because it was a fraudulent conveyance.

that totals 23%  and while you might get there self managing I dont think you will get close to that if you have to have PM manage.. and as others said  location  ( snow rain)  desert makes a difference.. tenant quality ( nice tenant Vs tenant that is rough on house )  I think 40% for self manage gets you in the safe zone if you do better thats wonderful..  50% for fully managed if you do better thats wonderful.. but to cut your numbers razor thin then think U made a bad buy when cost run higher is more on the lines of gambling or wishful thinking.

Most servicers are not going to waste their time chasing something like this down, and even if they did, you could always prove your intent was not fraudulent. 

Next, that kind of charge back makes no sense, charge-backs don't happen like that for NSF, this feels more like a tenant disputed charges with CC company as fraudulent so CC co yanked funds.