Normally done to create more losses.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

Normal promote?

I also want high skin in the game, conservative leverage and reasonable fees.Open-door isn't a match for me (and an easy "no") because they don't have that type of experience.

You need to understand that there is normally much higher turnover and expenses due to the types of renter that these properties attract.

The 'surrounds' have maintained normal tenant processes for the most part.I know lots of folks are pushing you for a PM, but if you are eager to learn and do some research and put alot of energy into placing a great tenant with background checks and vetting their references, etc, managing your own properties can be a great way to learn. but if you have a low pain tolerance and are limited on time, Id go PM route

I am the type of person that is normally looking to save a money to increase my investing so the thought of paying someone to do my taxes when we could do them ourselves didn't make sense. 

File for eviction in court.There are many ways to skin the cat, as discussed in my book.

If you don't actually replace the damaged property, the insurer will normally only pay you the "actual cash value," i.e., the depreciated value of the property.

But normally, I haven't seen a single operator try to do multiple SFHs as much as just owning a MFH.