I am extremely grateful to all who contributed to this thread. 

The inefficiency of this system makes it risky to rent to tenants without stringent screening processes.Consequently, I have had to adopt extremely strict criteria when selecting tenants.

On August 31st, you wrote:> I've been using Baselane for rent collection for about 6 months now, and I've been extremely satisfied with it.

The risk of problems is extremely low, even in larger markets.

So much fan love sounds and feels extremely odd.

I would be extremely cautious of this company and anything started by this family.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

In that area you're looking at average rents in the $1,200 - $1,300/mo range unless this house is extremely nice.

I once paid a $53,000 assignment fee; I can say, it was extremely upset when I got to the closing table, but even with that $53,000 assignment fee, I will still buying at at .40 on the dollar.

There are companies out there who purchase homes, renovate them, sell them to investors and manage for those investors as well on the back end so it can be an extremely passive way to invest.