We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

Depending on the volume you would be submitting, find a company that does not have high monthly minimums and can walk you through the process if this is your first time using.

For the first townhome, we are in the renovation process and looking to screen our first tenants.

The following is the thought process on a house we looked at in Italy over Xmas.  

I didn't at the time.  

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

If this is what sub2 is, then why are people paying tens of thousands of dollars to learn this process?

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

Hotels and motels do it all the time.