These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).

You're better off opting for an interest-only mortgage, saving on payments, and then refinancing it into something more conventional when interest rates drop—or, if possible, making a plan to pay down the principal.Interest-only loans, which typically last for the first 5 to 10 years of the loan term, offer two key benefits.

Quote from @Ogonna Odo:  Small ones will not, they typically like cash or checks.

-Juan PabloNo clue about your program so no judgement there.. although reading from the posts on this thread.. and given the white hot market for MF the idea that folks that need credit repair or to get cash through credit cards are going to be financially viable to buy MF is   well not sure what that is other than some may say a pipe dream..

I typically don’t read a post that long but yours kept my attention. :-)

We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.

Just saying there are people on BP who can vouge for you as Melanie is typically very negative towards anyone in the syndication / raising money space. 

Makes sense to keep 60-80% LTV debt on rentals (to me).I will add;  I'm fortunate enough to invest in a lower cost higher performing rentals state of GA and I do advocate buying at DSCR of >1.5 absolute min and my typical was 1.7 and due to rent appreciation all are over 2.0.   

This has pluses and minuses.If your property is bulletproof such as no framing - cinder block construction, cement floors, gloss white paint slapped on the walls and a cheap window mount AC, then you are in a prime position to make money with S8. 

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.