Yesterday, the landlord stated that it was their impression that we had agreed to painting not only the two rooms but extra rooms as well and now they are saying they are going to void the clause and raise the rent back to $3200, or we have to paint extra rooms not agreed upon.

So you’re saying you’d be collecting more rent (92% of $1,000/mo or $920 instead of $800, or $825, or $875.) if you were using a property manager?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Plus, they handle online rent collection (a necessity if you don't have a property manager!)

If you don't do the homework, you will give them the impression you may not be up to doing the homework with real estate investing.

I was particularly impressed with the founder Zach.

How will you collect rent when the building's mechanicals are stolen again?

Bird in hand is better than 2 in the bush, especially when the two in the bush do not have the money.we are seeing a lot of companies now try and get seller financing and then arbitrage it to renters - similar to STR arbitrage but just arbitrage it with a loan and collect the rent and if the tenant stops paying they walk away and you are stuck with the home, the foreclosure and the subsequent eviction.

No NON-QM broker or lender should be collecting upfront fees for processing.

We have a judgement but since they closed their offices LLC that entered into the contract we have no way to collect.