Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

It’s been a strong performer ever since.

The borrower can not foreclose on his buyer under a Wrap if it is a performing note.  

Focus on finding a replacement with strong tenant screening processes and performance guarantees.

But always remember that RE is a risky venture, and you could go through years of less than stellar performance.

@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.

I see no impact at all, if the above are all performed in concert.Just like REI. 

Not sure why that happen, however the best way to screen a potential tenant is to see how they have performed in the past. 

The only real, dependable income comes from a property that is a lot of work (well performing short term rental), one that is paid off, or one that you have owned for a long time to see rent appreciation. 

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).