But if they are showing properties that haven't actually sold recently, or not reflecting recent sold data, then that's a problem and will throw off my own evaluation process. yes that is a bigger problem for sure.

Do you mostly rely on your property management software, or do you have additional processes in place to keep things running smoothly?

The pitfall potentials are many, and most speak back to neglect in process.

What exactly is their, "strict tenant screening & matching process"?

When you finance the purchase of the property you have to go through the whole underwriting process which can take 21-30 days.

Moreover, for someone in your position just starting, it's best advised to partner with an experienced individual to mitigate risk and adequately learn the process.

Hi Jim,We have a handful of properties and use zillow for the application process.

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

However, in my opinion, their processes and incentives are misaligned with an investor’s best interests.

I'm a project manager and have a team of over 60 contractors that have all undergone a 5 step vetting process.