Many Loan Officers like to BS to get a client in the door.

. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.

Over a weekend during which my tenant was not home, the condo became flooded and water went through the flooring and flooded the office below.  

my wife and I have small positions with Bam and have also met in person with Ivan at his office in Indy..

Assuming I will be doing more than 3 closures per year, should I just go ahead and hire a licensed/bonded loan officer to do my loan originations as RMLO?

It's either a loan officer or processor.

Some trusted vendors to build initial credit include:Uline: Office supplies and shipping materials.Quill: Office products.Grainger: Maintenance and repair products.These vendors report to business credit bureaus like Experian, Equifax, and Dun & Bradstreet, helping you establish a payment history.3.

The equity pay down in many RE classes (residential, storage, hotel/motel, office space, industrial, etc) ispaidby the tenant.- there are ways to never pay tax on gains (1031, owe until death, etc)- cost segregation can in effect have RE acquired at no cost- sweat equity can produce additional return.  

He had specifically said he’s okay with the north fencing and knows its to keep the homeless campers out, and who the police are very slow to remove.

Also check with Cuyahoga County Office of Homeless Services.