OR spend time making your own PM business and become vertically integrated.

My integrity is all that I have.

The advantage of this LOC is that it offers an integrated checking account/routing acct # so you can treat the loan as a "checking account," and it auto sweeps or calculates interest daily and closes out your position so that means any funds credited to your account can lower your daily interest cost.I have one that is fixed for 5 years interest only but its a commercial LOC that I use for acquisitions and it calculates simple interest which is nice when you want to make early payments or if you'd like to do those pay check parking strategies or rapid debt free strategies.Most lines of credit do not have escrowed tax and insurance so this means you will have to pay it on your own.When I do LOC's on rental's I just have the PM (property management) take over the responsibility of escrowing the property taxes and insurance so I dont have to remember when to pay them.Typically LOC's are full recourse but at a low enough LTV Im sure you can negotiate a non recourse LOC but that'd probably be in the commercial realm at a bank small enough where they'd be willing to negotiate, probably.

Once you start violating the integrity of your own lease, you are on a slippery slope. 

@Gino BarbaroExcellent info.Folks may be familiar with the terms “visionary” and “integrator”.MF teams need both.

Folks may be familiar with the terms “visionary” and “integrator”.MF teams need both.

From what I can tell, the most successful people who operate in C and even D class tend to vertically integrate their property management as most 3rd party managers just can't be compensated enough to make things work long term.

They have very different types of solutions, but both say all of their work plus the integrity of the foundation is covered under warranty for the life of the home.

It integrates right into my calendar as well so it notifies me for each clean and when the billing has been made.

I think the only two issues that I think about as I contemplate signing on are the speed with which they have been growing, and the fact that they are just now moving to being vertically integrated -- their property management and renovation teams are all in-house now -- not 3rd party like they used to be.