But to sum up your truly relevant point, all you are really saying is that there is high default risk when you deal with people who have poor credit history or some other financial issues.

Waiting until the 1-year period ends avoids potential loan issues and simplifies things.

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

Hello,I've had some issues with excessive costs through my property management company over the years. 

I have no issue with the rust belt cities.

We rarely have issues, but it seems like such a small investment in time and money to take one day to verify. 

If there are any legal issues that I have to worry about etc. 

You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).

One of the biggest issues is probably borrower default—whether due to mismanagement, market downturns, or unforeseen circumstances, lenders can end up in long, costly recovery processes.