This wasn’t a required expense.Property Taxes - $926.88We put in the offer to pay the full years property taxes vs. split them at the time of the sale.

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

First off, the cash-out refinance requirements have gotten tighter w/ the "seasoning" period.

As I said earlier, this is strictly for investment purposes.The property does not have to be turnkey, if there is room for improvement that's of no concern as we both have the skill set to invest in whatever upgrades are required.

The required POS inspections become one added layer to closing a deal, but as you’ve seen, some properties come with completed POS, while others require repair escrows that can add up to around 10-20k. 

For a 3-4 family home, it's more complicated—you're looking at commercial lending, which requires a large upfront investment, high holding costs, and greater risks.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Alternatively, platforms like Twilio provide excellent customization but might require more technical setup for Podio.

I was told the reserves are a requirement of the REIT loan that we have.

We have emails, video conferences, secure portals etc etc.We do have a physical office, and half of our clients are local.