On paper, they are essentially the same with some minor differences in offerings. 

I got paper work signed and she vacated!

What I have learned very quickly owning these properties is that you can make these work on paper to convert them into rentals when you do your analysis today, but HOA increases are unexpected and completely out of your control.

My understanding is that I do not need to use the Buyer's title company and can choose my own to prepare my seller papers.

In the amount of time it takes to lick and stick a paper check in the mail, I would have fixed it (and connected with my tenants, which I like) while doing it.I saved myself $1200 the other day before lunch.  

We found a great opportunity for a home in an appreciating area, and on paper the numbers work.

The issue is if you do not know how to read it or understand it, it could be written on toilet paper and be worth that value based on how the owner does their books. 

The borrower outlines there plan and dates and it is set up with the LOE in the file but in most cases where the bank holds the paper/loan its sent to the credit committee for the final approval and we close. 

More time/paper/brain burden than financing with a local bank.Seller needs to have better documentation and cleaner books generally.

Everything sounds legit and looks good on paper, but...I wonder if anyone hear has heard of them or has been a part of the training.