They'll expect electronic payment options--easy open a landlord account at your bank and give routing number and account number to tenant (ACH payment). 

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

It earns a great rate of return compared to a bank account and is fairly liquid.

Banks use the Net not the gross so it’s not what you make its what you show to the IRS.

Same thing for the so called “infinity banking”.  

If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

@Timothy Hero community banks and credit unions are the OG DSCR lenders.  

In order to have checkbook control, the IRA account will need to be at a trust company that will allow the IRA to invest in an LLC (where you will be the manager and your IRA will be member - an as manager you will have checkbook access to the LLC bank account).

Bank related issues can be prosecuted for 10 years.

They also could have a mortgage that could not be satisfied by the price and in that instance, again the bank would not release it - so again stuck.