I've always gotten a signed "authorization to release loan info" from the owner on record. 

A property manager can be a great asset for regular check-ins and updates.

. $300k loan needs to show $15k liquid assets, and draws typically require you to pay contractors and obtain a lien release before you can be reimbursed for the money you paid contractor.While I know there are a lot of people who use low money down loans to get started, it is risky.  

Educational, monetary, medical, etc assets/skills.

The building of an asset that is down nationally is a risk.  

Plenty of options if you have equity/assets and an exit strategy. 

Its like going shopping on black friday for something you do not need and saying "i saved $100", when its actually - you spent $400.Could that money be better invested and provide a return for you vs. putting it in a depreciating asset?

Proc. 2004-51, 2004-2 C.B. 294, that fall on or after the date of a federally declared disaster, are postponed by 120 days or to the last day of the general disaster extension period authorized by an IRS News Release or other guidance announcing tax relief for victims of the specific federally declared disaster, whichever is later.

Option 1: Seek out a portfolio lender and/or look at better asset types - commercial. 

Here are some thoughts on effectively managing these relationships to ensure all three stakeholders feel valued and respected.Stewardship of Owner FundsProperty owners entrust PMs with one of their most valuable assets, and being good stewards of their funds is paramount.