Because of common marketing strategies by the industry, their expectation is that a lender will provide a loan at 70%-80% of the value of the asset after its been repaired, upfront.

I would agree to the testing, provided you hire the company and the tenant covers the cost.

Many title Co's do cut and dry transactions and are not comfortable closing deals in this manner.  

For example if the rent is $1,000.00 per month they applicant must provide proof of income of at least $2,000.00 per month. 

I’ll provide housing while market rent goes way up due to the shortage.

Seller financed deals provide a lot more flexibility as everything is negotiable.

Hi Deepak, I know I’m a bit late to the conversation, but I wanted to provide some more information regarding hiring a property manager.My best advice would be to start by checking out NARPM or using the Property Management Finder here on BiggerPockets.

One must register the vacation rental unit, pay applicable fees, submit a current license as a Transient Public Lodging Establishment (“TPLE”), and provide other required information.

Still, seller financing is usually faster and easier to get than a government-backed mortgage—if the seller is willing and able to provide it.And, while most owner financing requires some form of background or credit check, it can help otherwise unqualified borrowers achieve homeownership.

I totally value and want a property manager to take the day-to-day management off my hands, but on issues with tenant damage and I would like to be kept up to date on matters, as well as have copies of all notices provided to the tenants for my own record keeping.