(CRMC).These are companies that have been audited by the National Association of Residential Property Managers and have demonstrated a high standard for both procedures and customer service.Again, I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.Kevin

- How will you audit him for the rehab costs?

Well, you can, but if there is an audit, the deduction will most likely be disallowed and you will have to pay taxes on that amount.

I thought I had heard something about they get audited and it looks bad to have houses on their books/they are not allowed to foreclose and just hold onto the property?

Unlike a laundromat, they can use recycled water and are therefore very difficult to audit.

If you change occupancy you can count on the lender knowing and having it trigger an audit - for sure within the first 90 days and very likely within the first year.

If they don't match, that's a flag for a potential audit. 

You need to review the leases and see if Aaron's for that location has to disclose annual audited sales numbers.

The thing that may be new, at least I didn't see it as I scanned this thread, is that they 'audit' your use of the the service periodically. 

This is not illegal, because those fees are technically available in the state from some hypothetical settlement services provider that you could hypothetically use (if you were hypothetically an idiot).And you see a nice sexy bottom line number that you find appealing, and pick your lender based in part on "lowest fees," as you did.Then, a week or two into escrow, the lender "discovers" the actual title/escrow fees (they naturally don't even bother asking for them until it's too late for you to switch lenders, and the appraisal is done, etc, because they don't **want** to discover the actual fees juuust yet).Because they quoted you "real" title/escrow fees upfront, and because a full thorough audit will reveal that the lender did not "discover" the actual fees until a day or two prior to you receiving the "updated" disclosure, no law has been broken and this is a lawful practice.I personally go the other way, and quote the most expensive title/escrow fees in my market for purchase transactions.