For other situations, we charge a fee equivalent to two month’s rent if they choose to back out early.Since most of our tenants are traveling nurses, we typically don’t receive inquiries too far in advance.

Does it make sense to cheap out over the few thousand dollars it will cost to go through a proper escrow and title process?

My prior background was in nursing.  

They don't want the company to be potentially liable if an owner doesn't follow through with the inspections and repairs.After the GFC, we needed the capital investment or they would have had to tear down more houses than the thousands that they already have.

This can end up costing thousands more dollars, which can obviously affect your margins. 

If I had ten thousand liquid cash to spend, I'd probably do a house hack two-family and obtain an FHA loan with only 3.5% down. 

I’ve only bought a thousand houses Mostly sub2 and seller financed

There’s a lot of valuable information out there without spending thousands of dollars.

Some of those facebook groups have thousands of members.

Some of those facebook groups have thousands of members.