This does not matter if the tenant is off a bit on rent and income.

I've had the exact same thoughts in regard to the matter but a colleague of mine had the question and I wanted to pose it to the group. 

I understand the condition of the property may not be great, but if you're just trying to get rid of the property, then why does the condition matter to you?

@Zachariah Prevost You stated that when a bank goes to sell the home loan to Fannie/Freddie or any other willing buyer for that matter, that they are stripping away the Mortgage/DOT from the note.

Hey Kris, fees will vary in different markets but not by a lot. 10% is pretty normal around here (coastal carolina) & at least for our company, it matters not if they are in-state or out-of-state. 

Is this a matter of just ensuring that you don't decline them for an illegal reason that would constitute a Fair Housing infraction?

Interest rates NEVER matter and you can make money all the time.

Fortunately - we have a good relationship with our servicers and can get frictional matters that arise rectified/resolved relatively quickly, but the frequency of said matters could certainly be reduced.

That said, location matters a lot.

What makes this so dangerous is that some of these 10 deadly sins are quite ambiguous and a matter of interpretation.