I would like to have someone service the loan but most seem to want at least $45 a month which seems high. 

Now that home prices have stabilized, every month you hold a NPL it becomes less valuable because homes are not appreciating and time costs money, as well as additional incurred expenses like servicing, FPI, legal etc.

But most investors roll into a Debt Service Coverage Ratio, DSCR, loan.

Hey @Kevin Sierra, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

This is a Public Service announcement. :-) Not to worry, the public will move to where they can afford to live and that will affect prices up & down the scale. 

The answer to your cost problem, can be found in the application of the above list. 

I don't want to be the middle man when there are problems with service delivery - let them deal with the service provider directly.

If the in-place rents generate don't generate enough cashflow to cover your debt service, you'll want to plan to bring additional equity to the deal to cover the shortfalls.

Their service costs a little money, but you have access to plenty of different templates to choose from.Hope this helps! 

Our policy when we discover an unauthorized occupant is that they must complete a rental application and pay the application fee.