Be sure to save every text or other communication with him and the remediation was done properly (and whatever caused it has been taken care of as well).

I am sure there is a cost to change the title after the loan closes + paper work.

@Polat Caglayan.Detroit is HOT right now for sure. 

At least with Whole notes worse case is you own the asset so just have to make sure you like the assets being used as collateral.

I also invest in other assets such as stocks, and private companies as well. for RE agents I see absolutely no conflict.. its their job.. not every agent starting out can afford to buy a rental.. and note very agent even wants to own a rental ( like me) I only like to deal in land when I sold RE to the public .

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

I agree with the notes above but will also caution you to make sure you're very conservative in your underwriting for the multi-family properties with more square footage.

Buying a second home to rent out is a solid strategy, but be sure you understand the cash flow, including mortgage, taxes, and potential vacancies.

I submit on BP your for sure one  of the most sophisticated members when it comes to this space .

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.