The guru's in most cases tell of the successes and forget the about the challenges that caused heart aches.

A week later I had issues with my bank and needed to get the ACH form again, so I reached out to the same lady I spoke with on June 1st, who told me to call her.

If you choose, they can facilitate automated payments from your tenants account to yours, though it is ACH and the process is a bit slow.

My admin fee (whopping $90) was ach auto drafted from the owners acct.As additional protection I had a recorded memorandum of option agreement and a real exclusive option to purchase (at a sky high price).

My new favorite feature here is creating automated receipts within qbo with a pre-executed ACH authorization with the tenant so every first of the month, the entire rent collection process, deposit, and documentation all occurs automatically and without extensive thought on my end.

I hear the fall from grace can be long and hard.....Hey Bill Gulley,To go back and read your belly aching comments in this thread it looks a little out of context with you having 100 influence as compared to when you had like 70 or whatever it was.

This reminds me of the time I got into the ring with the just out of prison tattoed fighter all muscled up.

For example, if you narrow down the list to 20 and out of the group you get 3 that will listen, you are way ahead.The benefits to the owner:1) No more head aches with tenants and property management.2) Interest on their equity paid to them on a regular schedule (monthly, quarterly, semi-annually, annually)3) If you can't handle it, they get their property back.Benefits to you:1) Little to no money down2) No bank qualifying for a loan3) You can refinance the proprety loan as the owner after you make improvements and raise the rents.

Would online ACH deposits work as opposed to check scans?

An ACH transfer would cost both the business and the business paying back the loan money.