Then some tenants you can bluff and will send you the rent and you credit towards your interest payments.. others wont they are afraid of being evicted. 

My application is electronic, which in itself is a huge screening tool, and it also automatically manages criminal and credit checks.

Then the closing department reaches out to title to finalize the settlement statement with all the debits and credits and money owed into escrow and then you set up the date and time.Sounds like to me you were dealing with a Broker who had no confirmation from his lender and it sounds like he handled the process very sloppy and was not on top of things and then he's telling you you're closing such and such day while he pushes the lender. 

Anyone projecting returns that high had better have some strong reasoning behind it and a track record with this specific strategy.

.- Our credit scores are both >800.My hubby and I have many family members and friends in other states who invest in rental properties.  

I wanted to rent out our previous home and get another property that we could afford, and that would essentially pay for itself via house-hacking - Searching through that lens as my goal helped me be creative to make the deal happen, and it kept me on track rather than being persuaded by any house on the market.

It’s really just a rent/expense account to keep track do BOOKEEPING. 

Both Guesty and Track let you set this up easily.  

I do have a lender that will finance 100% of your purchase price + 100% of your rehab budget if you have a 700+ credit score.

Rate hikes the past year have made community banks much more expensive and we had to pivot to a credit union.Assumptions were pretty much non existent when rates were low, but a lot of investors are buying deals by assuming the exisitng debt in this part of the cycle.We evaluate a deal by Buy Right Manage Right and Finance Right.