He paid monthly for 14 months until he forgot a check, got hit with a late fee, then paid the remaining 10 months in one check.He moved out at the end of his lease with no issues.Of course, this is the exception, not the norm.

Completely agree with @Greg H.  It

@Danny Gonzalez you hit the nail on the head.

I hit the call last week and then was sent the service contract today.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

Hit me up if you’re interested in this part of the state.   

So it really comes down to who is willing to get out of their comfort zone and come into the office every day and hit the phones to find deals.

And the self-showings, Zillow just did the biggest beta test of this, and it failed epically. unless loosing tens of millions is the goal, if that's the goal than they hit it out of the park. 

Typically they tend to cash flow well so a 4 unit might hit those 1% rule.I'd also highly recommend local real estate meetups, as you'll get local insights

That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.