Please feel free provide your thoughts and advise.Thanks in Advance Hello Ahamed - You mention SFR and 2 cities, but to give you better answers, can you please explain your top priorities for the investment and the anticipated holding period?

Screening is not always a guarantee that tenants will pay unfortunately, but your PM should be sending out notice as soon as the tenants are outside of their late grace period (if you have one) and haven't paid.

So, while I usually like to be very sure of an offer before submitting it, I sent James a full price offer assuming that I would be able to get documentation during a contingency period. 

I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.

I have a 5yr draw period at a 10.95 rate. 

I'm a fan of cash flow in the early periods of building an investment portfolio.

Hi Leanna, Given the work you've put into the property, you can refinance based on its new value without a seasoning period.

Thanks, that's great info to keep in mind re: the seasoning period of HELOC funds in relation to borrowed funds of DSCR!

In the estimates I've run, an average $350k house will earn roughly 30% more than a traditional sale in additional interest over a 5 year period. 

You really need to rely on your PM for notification periods and any local/state rent caps.