It needs to be a certain speed, certain smoothness to your due diligence and underwriting procedure, you really shouldn’t get too much into the weeds, especially when calculating monthly costs.  

We have lost not one property.While the foreclosure process in Texas is short compared to other states, the notice procedure and advanced notice by the mortgage companies has been extensive. 

While the procedure will be the same for my Zelle payers, the limited locations of the community bank will be less convenient for tenants who pay with money orders.

Do you have policies and procedures in place to nip problems in the bud? 

I recommend you read some books about how to manage properties well, use a strong contract, know that contract inside/out, know your state law inside/out, build policies and procedures to catch and stop problems quickly, know how to screen and select good applicants, etc.An ounce of prevention is worth a pound of cure.

If you have any specific questions about this procedure, you can message me.

Also, setting up proper banking and other procedures is important if you choose an LLC option (avoiding things that will help an appossing attorney break through the LLC)

Awesome mate, please feel free to post numbers on here if you feel comfortable.Sounds like a BANGER deal.Just checked notes from years ago and sorry that we couldn't present any deals, we follow a pretty strict procedure when it comes to investor on-boarding and for the purpose of saving our time and resources, providing a POF is a must before we can take the next steps.I never get mad mate hahaJust dissapointed.It is what it is.Such is the wonderful world of real estate investing.Much success 🙏

They are very knowledgeable and experienced with the eviction procedures in DFW.

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