They know the law inside-out and protect you from bad renters or unique situations like the COVID eviction moratorium. 

Most local banks and credit unions will have free accounts.You need two accounts: checking and savings. 

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

(This assumes you have a credit card available to pay for any repairs.).

Interested to hear why you think texting is bad?

One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

Or are you actually talking to a bank about buying the note so you can see the notes and credit on the owner of the property?

Just make sure it is not deep in the ghetto, as there is a lot of bad areas in Cleveland.

So you have bad financial terms working against you along with finding properties, making deals, getting financing etc Secondly - for me it's time consuming.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.