Within 6 days of sending a fully ratified purchase contract to your lender (3 days if you consent to electronic receipt of disclosures), you should receive this document from your lender.In the upper right corner, it has a "rate lock" portion that is legally binding.Hardcore rate shopping at the preapproval stage, and/or when you're just on the phone, encourages dishonest behavior, because folks will quote unrealistically low to keep you on the phone, as OP just learned. 

Mails to a PO Box.2)Bank Direct Deposit - Instant payment of rent performed at the bank or electronically through your online bank account.

Integrates electronic rent collection with accounting software and maintenance request management.

Depending on how large your tenant pool is I would also employ the following....some of this is controversial and some isn't but it's worked well for me when I've house hacked.No Felonies, everNo evictions, everNo smoking, of anything or any kind, periodNo petsGross income needs to be at least 3 times the monthly rent,...unless you are renting to a Section 8 tenant...which I have done as wellNo illegal drugs, periodRent is collected electronically through erentpayment...Even though as the property manager I live right next door to you, you still submit the rent to me electronically.

Tenants can be liars and outright thieves.Section 8 (tenant #2):With my first tenant finally gone, I was able to clean the unit and rent it to a Section 8 tenant.Finding a S8 tenant is very easy, just list your property on GoSection8.com and you'll get bombarded with inquires.I setup a scheduled viewing time on a Sunday afternoon, and had everyone apply electronically thru Apartments.comI sorted through the candidates applications, credit and background checks.Amazingly, my ultimate selection had been on the S8 waiting list for a voucher for almost 11 years. 

Lets say the house catches fire they are going to fix it and as a bonus you usually get lost rent if it is included in the policy but they don't have to pay the tens of thousands to replace your belongings that were burnt or smoke damaged like clothes, electronics, or personal items. 

I'd like to look into switching to some kind of electronic payment system and leasing the washer/dryer.  

It would be great if Buildium did electronic leases like Appfoblio but then again I know they are going to have some things that Appfoblio won't have.  

Everything is electronic and I haven't seen my two properties in Arizona in years.

You can pull a management fee from the % of ownership.Another way is to use electronic signature authority and have them sign documents.