For those very reasons is why I like performing notes and for the investor to hook up with a company that is in the business of originating good solid performing notes like @Don Konipol  and or some other affiliated companies.. we never run out of notes so when one pays off you roll into a like kind note in a matter of days..

Although they can be felt a little in other parts, it is not the destructive kind that you would need insurance for.  

However, I called Chase bank and asked about opening an escrow account and they said I would have to have some kind of agreement.  

So, its good to manage things yourself if you are able to get deeply involved in those technical issues, have a partner with those skills, or if you were a bigger operation have a project manager of some kind. 4.

He has someone living in the property (my grandpa's wife's daughters niece) (kind of tricky there) that only pays him at least $800 a month.

Hi AllThank you in advance for your time + help.I am wondering what kind of arrangement you all have with your local person who stops by the residence in case of problems.

This matter has been fully settled 100% with an ex-tenant MacKenzie Mae that was renting, but I was told she can’t post here, by her, because bigger pockets has now actually banned her from the site...therfore I’m posting this notice of settlement and confirmation that this matter is completely and 100% fully resolved and settled as of 06/25/2024.Kind RegardsDJ Thielen

Once the borrower is tied into these they are quite cumbersome to manage for the borrower and god forbid there is a default of any kind :)  or with the pre pay penalties and the reporting and the covenants to keep a certain DSR etc etc I mean look at all the syndicators who are leaking oil because they cant meet loan covenants.. 

Truly appreciate the insight and kind words, along with the opportunity to reach out if need be.

The point one other respondent was making was that if you did finance it that way, there is a chance that the bank would call the loan due when you swapped it over to the LLC.There are all kinds of posts about "has this ever happened, will it happen to me,  etc."