And 3 days a year I spend about 30 minutes pondering a repair, rent increase or turnover choice. 

They’re pretty solid markets with good rental demand.As for RentRedi its a great choice for tenant screening.

Does he earn a preferred return for putting up all the capital?)

I have a included a link to a PM locator tool ready to go with recommendations in your preferred area.

No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

Our two choices were Appfolio and RentVine.  

Choice is clear.

Worth using, but also worth dedicating some time to qualify the right one to work with (I work with a Bigger Pockets preferred lender, so I am not impartial!)

If a student doesn’t get the Charter School or neighborhood school of their choice, (which happens all the time), or the Charter School closes, they have the ability to enroll in their “neighborhood” school.