BrendanWe typically use a third party servicer as its around $35/mo per loan and they also handle the escrow and end of year tax forms.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Or even missing out on securing a better deal, higher price, or greater return but did not do so, often due to a lack of negotiation or oversight.

I will, of course interview and do my own due diligence with these companies, but I just wanted to get an idea from everyone that could possibly give me a heads up on who's great or who to stay away from.

You have taxes and insurance so that pulls another $100 per month- so you clear $600 per month. 

You will get some cash flow, appreciation, and tax benefits along the way.

Maybe you could get your City Council members to contract with lead pipe replacement specialist contractors and just add it to your city taxes or something???

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly