The only note is it is easier to set up the LLC before closing but not so hard to change after. 

Simple - reply back with what you just noted.

If you ever want to chat about what’s working here or just compare notes, I’m happy to share what I’ve learned.Here to connect,Jorge

Down payments on DSCR purchases can be as low as 15% right now, and as you noted, they don’t impact your DTI.

You just can't beat the simplicity and it is the most hands-off business model I can think of maybe short of just holding the note.

If you can't help but reflexively defend property managers without knowing the issues, even when their behavior might be unprofessional, all I can say is this: Investors, please take note.

What is your note default rate?

I've tried the lower 6-7% PMs and usually you'll either pay mark ups on repairs (what you've noted) or pay extra fees (i.e. labor hours, extra calls) that you may or may not notice. 

Note: This could happen NOT by your choice with a layoff.

We're ramping up to offer seller financing in BR this year, and we buy seller finance notes in LA in some circumstances.