It's possible they were mistaken about that requirement for your investment property. 

If I’m not mistaken, NC is a state that uses closing attorneys which handle the title portion for you just like here in GA.

Jason Chan wrote:  The only problem is that I have a misdemeanor on my record and I know that can be a reason for the board to deny my license application.Jason, you are mistaken.  

Don I know the provision you are speaking of concerning if it's the first time they are late in 12 months you have to take the rent.I believe you are mistaken in the fact that you do not have to take personal or business checks.I believe it has to be certified funds.I NEVER EVER take anything but certified funds from my tenants or cash and write a receipt.I do get cashiers checks from charities etc. that I deposit.Actually the tenant is going to be in trouble here.Had she have just left and not replied to an answer from the court you would only get awarded eviction by the judge and had to file the writ.When the tenant in Georgia does not answer the judge can only evict and not issue a judgement.In that case you would have to take her to small claims court.The fact that she has written a bad check that has bounced depending on the amount can be a felony or misdemeanor if she does not cure it.She doesn't sound like a professional tenant to me and you sound like a newer landlord.

I might be mistaken as I have not listened to then all ..

This might interest you: https://www.newswire.ca/news-releases/ontarios-top...Irrespective of the rent controls (which Ontario has as well if I'm not mistaken), my hometown of Montreal is a great place to invest.

I then realized there was also no way to get out of the agreement if there were "unexpected" expenses the RE agent "mistakenly" forgot to tell me about, or some tenants weren't paying their rent.

Mario - the lender is mistaken that is claiming the limit is 636k. 

If I am not mistaken is it 1,330,000 minus 940k = 390k?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?