As far as title is concerned, our clients are free to choose any title company that they would like.

Quote from @Celli Mowery: Hi Jamesinteresting message -I know I’ve seen your name often on the Bluegrass Investors GroupI have spent the last 5 years investing in London and while some of the concerns you mentioned did exist when we started I’m finding we haven’t had issues with tradesmen coming from Lexington & Richmond for us in recent years.

If you were looking at buying in Florida, but your lender is in NY or California, they dont really have to be as concerned about their reputation because the realtors (most likely) will never work with them again. #1 is the primary reason, but #2 does factor in as well.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

However, we are taking over from a PM to self-manage and are inheriting the current setup.Our biggest concern is that this first communication from the tenant was a sob story asking for $500 back/off rent.

It could certainly be a concern - but depends on a lot of factors - are you looking multi or SFR? 

They are more concerned about protecting the hotels. 

  • Multifamily properties also interest us, but we’re unsure if they’re the right starting point for beginners.

I have financed a number of STR properties and they will usually be appraised as a pure real estate as vacant value and a cash flow adjusted commercial value, sometime separated as going concern and real property.  

I do not hold any actual real estate because I did not want to be concerned with being less fluid.